Which of the following best defines 'business ethics'?

The definition of 'business ethics' centers on the principles and standards that guide the behavior of individuals and organizations in the business environment. These ethical standards dictate what is considered right and wrong, influencing decision-making in various aspects of business operations, from corporate governance to employee relations and customer interactions.

Business ethics encompass a broad range of topics, such as honesty, integrity, fairness, and social responsibility. By adhering to these principles, businesses can build trust with stakeholders, enhance their reputation, and contribute positively to society.

The other options do not accurately capture the essence of business ethics. Maximizing profits at any cost focuses solely on financial outcomes rather than ethical considerations. Legal requirements pertain to compliance with laws, which may not necessarily align with ethical behavior. Lastly, strategies for increasing market share emphasize competitive tactics without addressing the ethical implications of those strategies. Thus, option B is the most comprehensive and accurate definition of business ethics.