Comment very briefly on the following statements. 1) There are no element of risk in business.
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footpath Kellogg risk URL item if DKK
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Business risk are often outlined as uncertainties or surprising events, that area unit out of hand. In straightforward words, we will say business risk means that an opportunity of acquisition losses or less profit than expected. These factors can not be controlled by the businessmen and these may result during a decline in profit or may cause a loss.
The risks that no protection is offered area unit known as Non-insurable risks. The businessmen cannot get compensation for a modification in demand or loss because of negligence or carelessness of staff. whether the danger is insured or non-insurable, solely the loss are often shared however the danger remains.
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