Question

How can the risk and uncertainty of business be reduced? Explain.

Answer 1

Answer:

by taking risk and lots of tension

Answer 2

Risk and uncertainty of business can be reduced through regular market studies, judicious management and spending, diversification of business, etc.

Market studies and surveys that are conducted properly give insight into market conditions, based on which appropriate decisions can be taken to suit a business. Efficient management and careful spending help to maintain reserves and resources during difficult times. Diversification into other businesses helps to tide over difficult times of one business with income from the others.