Question

Briefly explain the nature of business risk.​

Answer 1

Answer:

Natural factors such as climate, soil, forests, minerals, rivers and ocean have tremendous influence on the functioning and growth of commerce and industry. For example, iron and steel industry cannot function without ore and other necessary minerals.

Answer 2

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Business risk is the possibilities a company will have lower than anticipated profits or experience a loss rather than taking a profit. Business risk is influenced by numerous factors, including sales volume, per-unit price, input costs, competition, and the overall economic climate and government regulations.