Business Ethics is defined as a form of ethics which examines the ethical principles and also ethical and moral problems that occur in a business. The focus is on ethical practices these days.
To Act Ethically means, to act in the right manner. It includes right gestures, right dealing etc. Everyone must keep in mind the rights of others and only then acting ethically is possible, Ethics in business reflect the attitude that the business would keep in mind the general rights of the people. It will not violate the rights of anyone through its operations.
Ethics has gained immense important in an organization. The focus is on maintaining the rights of the general public. If a company does not follow the business ethics, it will involve in misleading of financial statements, frauds, discrimination, price discrimination, etc.