Explanation: The types of business risk and also explain any five are:1. Economic Risk. The economy is constantly changing as the MARKETS fluctuate. Some positive changes are good for the economy, which lead to booming PURCHASE environments, while NEGATIVE events can reduce sales. 2. Compliance Risk. Business owners face an abundance of laws and regulations to comply with. For example, recent data protection and payment processing compliance could IMPACT how you handle certain aspects of your operation. 3. Security and Fraud Risk. As more customers use online and mobile channels to share PERSONAL data, there are also greater opportunities for hacking.4. Financial Risk. This business risk may involve credit extended to customers or your own company's debt load. Interest rate fluctuations can also be a threat.5. Reputation Risk. There has always been the risk that an unhappy customer, product failure, negative press or lawsuit can adversely impact a company's brand reputation. However, social media has amplified the speed and scope of reputation risk. 6. Operational Risk.7. Competition (or Comfort) Risk.