Explain the ethical dimensions of retailing. What are the benefits of managing ethics in business.

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### Ethical Dimensions of Retailing

Retailing, like any business sector, faces numerous ethical challenges that impact various stakeholders, including customers, employees, suppliers, and the broader community. The ethical dimensions of retailing revolve around fairness, transparency, and responsibility in business practices.

1. Fair Trade Practices: Retailers are expected to engage in fair trade practices, ensuring that suppliers, particularly those in developing countries, receive fair compensation for their products. This involves avoiding exploitative practices, such as underpaying suppliers or using child labor in the supply chain. Ethical retailers also prioritize sustainable sourcing, ensuring that products are environmentally friendly and produced under fair labor conditions.

2. Consumer Protection: Ethical retailing involves protecting consumers from misleading advertising, deceptive pricing, and substandard products. Retailers have a responsibility to provide accurate product information, ensure __ ___________ __________ ___ ___ _______ _______ _________.
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Degree : BACHELOR DEGREE PROGRAMMES
Course Name : Bachelor of Business Administration in Retailing
Course Code : BBARIL
Subject Name : Overview of Retailing
Subject Code : BRL 101
Year : 2024 2025