Business ethics and business law are often confused but differ in important ways. Business law consists of rules and regulations that companies must follow to avoid legal penalties. In contrast, business ethics are moral standards that guide companies to act responsibly, even when not legally required. While law is the letter of the law, ethics […]

Why is There a Need for Business Law: Every business, whether big or small, operates within a legal framework. Business law is essential because it helps protect the rights of business owners and stakeholders. It covers a wide range of issues that ensure the smooth operation and protection of a business.   Here’s what you […]