<Li> The permissibility of international commerce with pariah states . </Li> <P> The success of any business depends on its financial performance . Financial accounting helps the management to report and also, control the business performance . </P> <P> The information regarding the financial performance of the company plays an important role in enabling people to take right decision about the company . Therefore, it becomes necessary to understand how to record based on accounting conventions and concepts ensure unambling and accurate records . </P> <P> Foreign countries often use dumping as a competitive threat, selling products at prices lower than their normal value . This can lead to problems in domestic markets . It becomes difficult for these markets to compete with the pricing set by foreign markets . In 2009, the International Trade Commission has been researching anti-dumping laws . Dumping is often seen as an ethical issue, as larger companies are taking advantage of other less economically advanced companies . </P>

Explain the nature and scope of business ethics