3. In the 1960s, Milton Friedman said that the purpose of business was to increase shareholder return and that issues of ethics were not the concern of any business – the law should be complied with, morality should be strived for, but ethical consideration had no place in the business environment.
Ø Consider the multiple publics (employees, suppliers, consumers, communities, and shareholders for example) that are involved in all business transactions.
Ø Explain why ethical consideration IS appropriate and required when conducting business in the 21rst century.
Ø Give some specific examples of ethical issues that confront businesses and how these might be addressed.
The response should be no less than 1000 word