Answer:

One of the main focuses in the economy of today is how businesses remain successful and remain in business. There are various factors that contribute to this, including sustainability, social responsibility, and codes of legal conduct. In this article, we will discuss how these three factors contribute to keeping businesses in business and how they are referred to.

Sustainability in Business

When discussing how companies remain in business, one of the most important considerations is sustainability. Sustainable businesses are those that practice efficient strategies and practices that can help businesses stay afloat and remain in business. This is done through strategic foresight and understanding the current market trends. Staying ahead of the curve, businesses can use the knowledge of the future and make decisions that lead them to future success. This is referred to as sustainability in business.

The Social Responsibility of Business

The social responsibility of businesses is also hugely important in how businesses remain in business. This refers to the obligation that a business has to its customers, the community, and its employees. Companies have the responsibility to ensure the safety and well-being of their employees, to provide quality products and services to customers, and to act in a responsible and ethical manner to all stakeholders. This responsibility is what allow companies to maintain their reputation, and thus their customers, and remain in business.

Code of Business Conduct

Finally, another factor that contributes to companies remaining in business is the code of business conduct. This is a document that outlines the values and legal rules that a company expects of its employees. It’s important for businesses to have this document because it helps to ensure that employees are aware of the company’s expectations and that they are following them. This is important for avoiding legal issues and risks, as well as ensuring that a company maintains a positive public image. This code of conduct is also sometimes referred to as a code of ethics.

In conclusion, when discussing how companies remain in business, it is important to consider sustainability, social responsibility, and codes of business conduct. All of these are important factors that contribute to companies staying in business and being successful. Sustainability in business is referred to as staying ahead of the curve, the social responsibility of business is referred to as acting in an ethical manner, and the code of business conduct is also sometimes referred to as a code of ethics. All of these factors are important for businesses to consider in order to remain in business.