Which of the following describes sharp practices of business?
A) business dealings meant to obtain a benefit for a person or firm regardless of the means used
B) business exchanges where the manufacturer and consumer are the same
C) business plans that also take social responsibility into account
D) business practices that are ethical and moral

Question

Quizplus · Accepted Answer

Sharp practices of business refer to unethical and unfair business dealings where the aim is to benefit oneself or one's firm at any cost, even if it involves cheating, lying or breaking the law. Such practices are often frowned upon and may lead to legal and reputational consequences.

B, C and D do not describe sharp practices of business. B refers to a direct exchange between the manufacturer and consumer, which is not necessarily unethical. C and D describe ethical and responsible business practices, which are the opposite of sharp practices.

Which of the Following Describes Sharp Practices of Business