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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 implementing ethical policies may sometimes reduce profits, it is essential for a business aiming for ethical practices. Key changes include treating employees well by providing a safe work environment and offering fair wages that compensate them adequately for their work. This means not just adhering to minimum wage standards, but ensuring employees can live comfortably. Additionally, companies can introduce financial incentives tied to business performance, such as bonuses or share schemes that benefit employees when the company succeeds.