Define 'business ethics.'

Business ethics encompasses the moral principles and standards that guide behavior in the world of business. It addresses the responsibilities of individuals and organizations in making decisions that affect stakeholders, including employees, customers, suppliers, and the community at large. By establishing guidelines for acceptable conduct, business ethics seeks to promote fairness, transparency, and integrity within business practices.

This definition highlights the importance of ethical considerations that influence business operations. Ethical guidelines play a critical role in fostering trust and maintaining a positive reputation, which can ultimately contribute to long-term success in a competitive environment.

The other choices do not accurately capture the essence of business ethics. While profit management, market strategies, and technological standards may be important aspects of a business's operations, they do not inherently involve the moral and ethical decision-making processes that business ethics fundamentally deals with.