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(5)ole - businessQ5 Sanka is running a organic store under the brand name, 'Earth in a popular market inDehradun. She acknowledges that risks in her business cannot be predicted with utmostaccuracy as business environment is dynamic in nature. Therefore, it is not possible to predictfuture events with accuracy like, change in consumer preferences increase in competition,natural calamities etc. Also, she feels that the risks in business can be minimised, but cannotbe eliminated all together. As her business is operated at a small scale she feels per quantumof risk is relatively low. At the same time she truely believes in the saying that no risk, no gainis applicable to all the business organisations.Identity and explain characteristics of business nisk being descnbed in the aboveparagraph(6) |
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