What is the role of ethics in supplier relations for businesses?

Q: Answer-What is the role of ethics in supplier relations for businesses?

Explanation Ethical supplier relations involve treating suppliers fairly, avoiding exploitation, promoting ethical sourcing practices, and encouraging responsible business conduct throughout the supply chain.

A Exploiting suppliers for cost reduction Correct Incorrect

B Encouraging unethical sourcing practices Correct Incorrect

C Treating suppliers fairly and avoiding exploitation Correct Incorrect

D Ignoring the impact on the supply chain Correct Incorrect

Detailed Solution

Explanation: Ethical supplier relations involve treating suppliers fairly, avoiding exploitation, promoting ethical sourcing practices, and encouraging responsible business conduct throughout the supply chain.

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What is the role of ethics in supplier relations for businesses?

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