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Despite the Importance of Ethical Behavior for Business Success, Few

question 29

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Despite the importance of ethical behavior for business success, few Fortune 500 companies have codes of ethics to resolve ethical dilemmas.

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Definitions:

Market Segment

A collection of individuals, groups, or organizations who share one or more characteristics and thus have relatively similar product needs and desires.

Small Businesses

Companies with limited revenue and number of employees, falling below certain statutory limits.

Downsizing

The reduction of a company’s workforce to lower expenses, often involving layoffs of employees as a measure to sustain or improve the business.

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