Question

Uncertainites
may be defined as the possibilities
of loss or damages arise due to happening
of certain circumstances ,​

Answer 1

Answer:

Business risk can be defined as uncertainties or unexpected events, which are beyond control. In simple words, we can say business risk means a chance of incurring losses or less profit than expected. These factors cannot be controlled by the businessmen and these can result in a decline in profit or can also lead to a loss.

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