How can ethical objectives help a business grow?

An advantage of having and maintaining ethical objectives is that the firm is able to use these objectives for marketing purposes and thus gain access to a specific market segment that is much more niche. In doing this, the firm has access to wider market and can therefore gain market share which increases revenues and profits. Furthermore, ethical objectives could become the firm's unique selling point which could help to set them apart from other businesses within the market. In especially dense markets or markets that consist of a few market leaders this could help to give the brand a competitive advantage and thus be much more profitable.

CR
Answered by Charlotte R. Business Studies tutor

1685 Views

See similar Business Studies IB tutors

Related Business Studies IB answers

All answers ▸

How should I prepare my CUEGIS question?


With reference to one or more organisations that you have studied, evaluate any ethical strategies adopted by this business.


Name the four main leadership styles, and give a brief description of each.


In the context of The Imperial, distinguish between internal recruitment and external recruitment.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning