Explain two reasons of business risks ?
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11
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❤️Natural Factors. There are certain nature factors like floods, earthquake etc. which can damage the business. ...
❤️Competition. ...
❤️Change in demand for the product. ...
❤️Use of Modern Technology. ...
❤️Human Causes of Business Risk. ...
❤️Change in Government Policies. ...
❤️Mismanagement.
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Causes of Business Risks. Business risks arise due to a variety of causes, which are classified as follows: Natural causes: These include probability of loss due to floods, storms, cyclones, earthquakes and such other convulsions of nature. They result in heavy loss of life, property and income in business.
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