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010. "No business is risk free.” Comment.
akshitsoni03:
'no risk,no gain' is an age-old principle which applies to all types of business.Greater the risk involved in a business, higher is the chances of profit.An entrepreneur undertakes risk under the expectation of higher profit.Thus profit is the reward of risk taking
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Answer:
business is not free risk
business have lots of risk.
the risk are related with certain factors like changes in consumer tastes and fashions, changes in methods of production, strike or lockout in the workplace, increased competition in the market,fire,theft,accidents,natural calamities,etc. No business can altogether do away with risks
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