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Business ethics involves going beyond legal requirements to do what is morally right, ensuring fairness to employees, suppliers, customers, and the environment. While ethical policies may sometimes reduce profits, businesses can adopt several practices to become more ethical. Firstly, treating employees well is crucial, which includes providing a safe work environment and fair wages that exceed minimum wage, allowing employees to live comfortably. Additionally, offering financial incentives, such as bonuses or share schemes, can further benefit employees when the company performs well.