Question

Katherine wants to start a retail business of fashionable items. Change in taste

and preference of customers may result in loss in such type of business. She is

hesitating as she is aware of qurisks which are inherent in every business. She

approaches her friend Kristina who is the owner of a retail shop. Kristina advises her

to go ahead with her idea as she will get profit as return for undertaking risk. She

also told her that some risks in business can be insured by taking insurance policy.

On the basis of the given information, answer the following:-

a) What is Business risk?

b) Identify the main features of business risk discussed in the above case by

quoting lines for the identified feature​

Answer 1

Answer:

identify the main features of business risk...