commercial bribery Synonyms

No Synonyms and anytonyms found

commercial bribery Meaning

Wordnet

bribery of a purchasing agent in order to induce the agent to enter into a transaction

Commercial bribery refers to the act of offering, giving, or receiving something of value to influence business decisions improperly.
Engaging in commercial bribery undermines fair competition and erodes trust in business relationships.
Companies often implement strict policies to prevent instances of commercial bribery within their organizations.
Commercial bribery can take various forms, such as offering kickbacks, gifts, or favors to secure business contracts.
Many countries have laws and regulations in place to prohibit commercial bribery and hold offenders accountable.
The consequences of engaging in commercial bribery can include legal penalties, reputational damage, and loss of business opportunities.
Ethical business practices promote transparency and integrity, reducing the risk of commercial bribery.
Detecting and preventing instances of commercial bribery requires vigilance and a commitment to ethical conduct.
Employees should be trained to recognize and report any suspicions of commercial bribery within their organization.
Businesses that prioritize integrity and compliance are less likely to become involved in cases of commercial bribery and are better positioned for long-term success.

bribery of a purchasing agent in order to induce the agent to enter into a transaction

No synonyms found.

No antonyms found.

Commercial bribery refers to the act of offering, giving, or receiving something of value to influence business decisions improperly.

Engaging in commercial bribery undermines fair competition and erodes trust in business relationships.

Companies often implement strict policies to prevent instances of commercial bribery within their organizations.

Commercial bribery can take various forms, such as offering kickbacks, gifts, or favors to secure business contracts.