![]() ![]() As a result they portray that their company is doing well, when in reality it is the exact opposite. ![]() They do this by inflating their profits and decreasing their costs. Some companies go as far as manipulating their company accounts to their investors, lenders and end consumers. This is where they work under very poor or hazardous conditions and involve child labor to minimize costs. This also includes companies where employees are over stressed physically and mentally or even harassed sexually.Įmploying cheap labor from third world countries to cut cost is a prime example of employee exploitation. Long working hours with very little pay has become the norm at many companies. Creating fake accounts to derogate and defame some brands is considered unethical and can result in heavy penalty if discovered. Spreading false information about a brand is easier in today’s digital world. This includes defamation of a competitor, misappropriation of their trade secrets, and trade mark infringement and anything that shares incorrect information about the competitor. Exaggerating the sellable qualities and downplaying the inferiors features also fall under misleading information. The legal liabilities for such fraud can be an expensive price to pay if sued by the affected customers. From small to big companies, there are many instances where the customers are tricked by the marketing information about these products to increase their consumption. Misrepresenting dangerous or injurious products as safe to increase their profits is one of the most common deceptions followed by businesses. Scandals can bring down huge business empires overnight, and hence must be avoided with utmost precaution. However, one must remember that unethical business will soon loose its charm when the unacceptable practices come to light. In today’s world it is easy to be over powered by temptation to use short cuts to achieve your goals. It is important to work towards success, but the path taken to reach that success should also be an ethical one. ![]()
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