Discuss Warren Buffett’s approach to business dealings, especially as they relate

Warren Buffett's ethical approach to business dealings is broadly discussed below.

Explanation:

INTEGRITY is the key word in Warren's business philosophy. He believes that a business owner or business person should make only choices that he/she would be proud of, in terms of his/her company's reputation.

FAIR TREATMENT is another approach of Buffett to the conducting of business activities. He believes that employees and suppliers; not just customers, should be treated right, as this will have a good impact on the company's reputation in the long run.

He believes it is better for a company to lose money than to lose reputation.

I think it depends on the total amount of your payroll