justify - Risk is inevitable in business activities
Answers
Answer:
A businessman cannot avoid risks in the business. These risks include goods remaining unsold due to changes in fashions, risks of losses due to fire or theft damage to goods during transportation or warehousing, risks of bad debts, etc. ... Thus, the risk is inevitable in business activities.
Answer:
1)Business risk can be defined as uncertainties or unexpected events, which are beyond control.
2)In simple words, we can say business risk means a chance of incurring losses or less profit than expected.
3) These factors cannot be controlled by the businessmen and these can result in a decline in profit or can also lead to a loss.
4)Business risk is the possibilities a company will have lower than anticipated profits or experience a loss rather than taking a profit.
5)Business risk is influenced by numerous factors, including sales volume, per-unit price, input costs, competition, and the overall economic climate and government regulations
Explanation:
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