What is a main benefit of adhering to ethics and government regulations in business?

Adhering to ethics and government regulations in business provides the main benefit of building trust and protecting against liability. When a business operates ethically and complies with regulations, it fosters a reputation of reliability and integrity among its stakeholders, including customers, employees, and investors. This trust is crucial, as it can lead to customer loyalty, a strong brand image, and long-term success.

Moreover, compliance with regulations helps businesses avoid legal issues and potential lawsuits, which can result in significant financial losses and damage to reputation. By protecting themselves against liability, companies can focus more on their core operations and long-term strategies, rather than being bogged down by legal troubles.

While increased short-term profits and higher market competition can be outcomes of various business practices, they do not directly correlate with the ethical and legal compliance focus described. Similarly, reducing employee turnover may be a benefit of ethical practices and a positive workplace culture but isn't as directly connected to the foundational principle of trust and legal protection as the correct choice is.