profit is said to be the reward of risk. what are the characteristics of business risk? state any two.
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two characteristics are
1- survival- a business and business man cannot survive for a long time without turning adequate profit from it is source of income for a project which becomes his means of livelihood.
2- Symbol of efficiency or an index of performance-profit indicate whether a business is being managed efficiently or not profit acts as an index of performance of those who manage the business higher profits indicate the efficiency of Management and lower profit indicate and efficiency of Management the success of a business can be judged by its ability to earn profit.
1- survival- a business and business man cannot survive for a long time without turning adequate profit from it is source of income for a project which becomes his means of livelihood.
2- Symbol of efficiency or an index of performance-profit indicate whether a business is being managed efficiently or not profit acts as an index of performance of those who manage the business higher profits indicate the efficiency of Management and lower profit indicate and efficiency of Management the success of a business can be judged by its ability to earn profit.
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