1.

Define business risk.

Answer» Business risk is defined as uncertainties or unexpected events, which are beyond control. In simple words we can say that business risk means a chance of incurring losses or less profit than expected. These factors cannot be control by the businessmen and these can result in a decline profit or lead to a loss.
Ans. The term business risks refers to the possibility of a commercial business making inadequate profits due to uncertainties - for example: changes in tastes, changing preferences of consumers, strikes, increased competition, changes in government policy, obsolescence etc.
Business risk refers to probability of losses due to unforeseen circumstances and events.
Chances of inadequate profit and loss due to any cause is defined as business risk
Business Risk refers to tha inadequate PROFIT or LOSS.


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