Is Business Meeting Its Responsibilities to Consumers?

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Business Ethics
For a business to blossom, some moral guidelines must examine both its ethical and moral principles and how the business conducts its transactions. These moral guidelines are business ethics, including government safety regulation, business responsibility to consumers, and advertising.
Pros and Cons of Government Safety Regulations
The government safety regulation guarantees workers' welfare, health, and well-being through the Occupational Safety and Health Act (OSHA) of 1970 (Besserman et al.). It ensures better working conditions for workers, guarantees safety improvements in the organization, and ensures health betterment for society in general. However, these safety regulations also have some disadvantages, such as requiring a large amount of administration work and having high levels of regulations that may hurt a country's competitiveness. Despite these regulations' negative effects, businesses should ensure that these regulations are implemented for their employees' safety.
Is Business Meeting Its Responsibilities to Consumers?
Most businesses do not meet their responsibilities to consumers as they concentrate mainly on acquiring more profits. In most cases, these businesses undertake wrong labeling and packaging to attract more customers (Boone et al.). They also produce low-quality products to reduce production costs, thereby exploiting the consumers. These issues can only be correcte...