Question

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​

Answer 1

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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