Question

Mention any three characteristics of business risks.

Answer 1

i) the time

ii) the size of business enterprise

iii) nature of business

Answer 2

Answer:-

ᴀɴs. ғᴏʟʟᴏᴡɪɴɢ ᴀʀᴇ ᴛʜᴇ ᴄʜᴀʀᴀᴄᴛᴇʀɪsᴛɪᴄs ᴏғ ʙᴜsɪɴᴇss :

(ɪ) ᴀ ʙᴜsɪɴᴇss ᴄʀᴇᴀᴛᴇs ᴜᴛɪʟɪᴛʏ ɪɴ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs.

(ɪɪ) ᴛʜᴇʀᴇ ɪs ᴀ ᴄᴏɴᴛɪɴᴜɪᴛʏ ɪɴ ᴅᴇᴀʟɪɴɢ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs.

(iɪɪ) ᴛʜᴇ sᴀʟᴇ, ᴛʀᴀɴsғᴇʀ ᴏʀ ᴇxᴄʜᴀɴɢᴇ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ғᴏʀ ᴀ ᴘʀɪᴄᴇ ɪs ᴛʜᴇ ʙᴀsɪᴄ ғᴇᴀᴛᴜʀᴇ ᴏғ ʙᴜsɪɴᴇss.

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