“No Business is risk free”. In the light of this statement, explain the concept of business risk, its nature and any three causes of business risk
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Answer:
No buisness is risk free
Explanation:
you can reduce risk but not eliminate risk from buisness
risk is an essential part of buisness
natural risk- the risk is control by nature so you can't prepared in advance for this risk
Economic risk- recession period or price fluctuation in primary raw materials
human cause
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