Question

business involves risk and uncertainly..explain
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Answer 1

A business organisation is a form of organisation that has a heavy risk and uncertainty as there are no faith chances of success.

Explanation:

• A business organisation functions in an environment which is extremely dynamic and keeps on changing.
• Moreover, a business organisation caters to the demands of public and provide them with goods and services at profitable rates.
• However, all these activities do not promise fixed returns as the business environment and the demand of the products keep on changing.
• Therefore it is rightly said that business involves risk and is uncertain.