Need
Uses
merits
nan
Answer is Right!
Answer is Wrong!
The correct answer is: Need.
Earning goodwill is a need for business ethics because it is essential for building trust and relationships with customers, employees, and other stakeholders. When businesses have a good reputation, they are more likely to attract and retain customers, employees, and investors. They are also less likely to face legal
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problems or regulatory scrutiny.
There are many ways to earn goodwill, such as:
- Treating customers with respect and honesty
- Providing high-quality products and services
- Being honest and transparent in all dealings
- Giving back to the community
Businesses that earn goodwill are more likely to be successful in the long run.
Option A: Uses is incorrect because goodwill is not something that can be used up. It is an ongoing process of building trust and relationships.
Option B: Merits is incorrect because goodwill is not something that is earned by chance. It is something that businesses must actively work to achieve.
Option C: None is incorrect because goodwill is essential for business ethics.