Business risk can be minimised but can't be eliminated. Explain the statement.
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Answers
buisness has many risks but it can also be minimised by adoptimg some measures.management can adopt the technique to minimize the chance of occurring any particular event which form may cause the loss.all the risks cannot be avoided but it can be minimized.buisness is based on future predictions nd future is not always secure...we r not sure what will happen in the future some examples of arisen of buisness risks are change in demand...govt policy etc....so we can minimize the risks by predicting the losses nd adopting suitable measures
Explanation:
Yes, business risk can be minimized but can't be eliminated. Business involves various risks for which certain steps and necessary actions are required.
Various steps for the recovery of future or upcoming losses should be taken for risk minimization.
Risk can't be eliminated as it is an essential part of every business and profit is the reward of risk bearing.
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