Business Ethics

The major purpose of many large companies and corporations are to earn profit. With this in mind, many companies start to become corrupt and disregard the importance of ethics. The lack of business ethics in China (in the article http://businessethicsblog.com/2010/08/30/business-ethics-in-china/), such as tainted milk powder, lead paint in toys, and injecting water in meat to increase weight, reduces the chances of the country’s ability to flourish and prosper in the business world. The main ethical issue in this case is deception. Companies use cheap resources in exchange of actual materials that they should be using, in order to increase their profit. Consumers are not given full knowledge of the product they are purchasing and pay extra money to the companies. Ethics are an important aspect of a company, it governs the exchange of goods between a company and the consumer. It is a company’s social responsibility to follow through with business ethics.