Question: What is the primary difference between ethical relativism and ethical absolutism in global business ethics? Ethical relativism believes in universal principles, while ethical absolutism thinks

What is the primary difference between ethical relativism and ethical absolutism in global business ethics?
Ethical relativism believes in universal principles, while ethical absolutism thinks ethics are context-dependent.
Ethical relativism suggests adapting practices to local customs, while ethical absolutism asserts that certain principles apply universally.
Ethical relativism promotes corporate social responsibility, while ethical absolutism opposes it.
Ethical relativism allows for bribery, while ethical absolutism strictly prohibits it.
Ethical relativism focuses on profitability, while ethical absolutism prioritizes ethical conduct.

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