ready made project of meet the following business man, and note down three problems, risk which may arise in business a) taxi or auto driver b) farmer c) owner of a retail grocery shop and) dairy farming
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Risks for each
Explanation:
In the case of meeting business men, the following risks would be found for each type of business-person:-
1- Taxi driver:
The risks are that
- unlimited liability
-no separate legal identity
2-farmer:
The risks are that
-seasonal work
-weather changes cause unpredictable supply
-middle man eats up much of the profit
3-retailer:
The risks are that
- cannot sell in bulk
-prices have to be fixed
4-dairy farm owner:
The risks are that
- competition is high
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