No business is risk free. In the light of this statement explain
the concept of business risk and its characteristics.
Answers
Answer:
Business risk refers to the possibility of inadequate profits or even losses due to uncertainities or unexpected events.No businessis free of risks because risks is an important factor in gaining profit. Greater the risk, greater the profit, if the risk was favourable.
Answer:
Yes,it is True Statement.
Explanation:
Every Buisness have to Take Risk, If they want to compite and if they Want to grow , Their Buisness,Sales , Marketing,World of Mouth,so For this They would apply Schemes , Offers ,Deals ,Buy 1 Get one Free, An Amazing Advertising.
by doing this Works ,the Concept of Business says ,They Will Not Grow and Make More Sales.
By taking Risk Is Not Means To 1st Position,Now the compitition is Very Very Very At a Highest Peak,
Now everyone Buisness is taking Risk.
Now you cannot Find any Buisness,who have not Struggled .
Their are so Rare and Few Buisness who try ,but they Failed.
I hope You Understand this.
Thanks