What are ethical considerations a business would need to evaluate before making a profit in a foreign country? All countries have different laws that need to be followed. A dilemma can take place when a company follows the law that infringes on the company's code of conduct. Provide an example to support your answer.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.© BrainMass Inc. brainmass.com October 2, 2020, 5:35 am ad1c9bdddf
There are several ethical considerations a company must take before making a profit in a foreign country. Before a profit is made, a company needs to take these considerations before entering the country to do business. Obviously, there are many laws and regulations to follow just by the mere fact of operating overseas, including permits, Visas, permissions, et.al.; however a company does not necessarily need to move overseas in order to do business there or make a profit (Solomon, R. C., 1992). One example is a company that distributes products via another distributor who is already set up to do business abroad. The ethical considerations that need to be taken in either situation are: 1) does the ...
This solution of 466 words looks at the ethical considerations a company must take in a foreign country with real-life examples. References used are included.