Question

Natural and Purpose of Business​

Answer 1

Explanation:

Humans have endless needs, and to satisfy these we need business activities. It is the purpose of business to provide the economy and the society with the goods and services it requires. All economic, commercial and trading activities are parts of a business.Business risk can be defined as uncertainties or unexpected events, which are beyond control. In simple words, we can say business risk means a chance of incurring losses or less profit than expected. These factors cannot be controlled by the businessmen and these can result in a decline in profit or can also lead to a loss.

Answer 2

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