23. Do you know of any companies that have a public image problem because of their activities? Yes, there are several companies that have faced public image problems due to their activities. Some examples include:
1. Facebook: This social media company has faced criticism for its handling of user data and privacy concerns. They have also been accused of allowing the spread of misinformation and hate speech on their platform.
2. BP: This oil and gas company has faced backlash for its environmental record, including the Deepwater Horizon oil spill in 2010. They have since implemented various sustainability initiatives, but their reputation has been damaged.
3. Uber: This ride-sharing company has faced criticism for their treatment of drivers and for their corporate culture. They have also faced regulatory challenges in many countries.
4. Nestle: This food and beverage company has faced criticism for their marketing practices, particularly in developing countries. They have also been accused of contributing to deforestation and water pollution.
These companies have had to work to improve their public image through various initiatives and changes in their business practices.
24. Why is it important to have business ethics? Business ethics are important because they help to establish and maintain trust in business relationships. When companies behave ethically, they are more likely to attract and retain customers, employees, and partners. Ethical behavior also helps to prevent legal and financial repercussions, improves the company's reputation, and promotes social responsibili
25. What effect (positive or negative) can companies have on environment and the local community? Companies can have both positive and negative effects on the environment and the local community. Positive effects:-Companies can create jobs and provide economic opportunities for the local community.- Companies can invest in environmental conservation and sustainable pra
