Unexpected increase in competition relates which type of cause of business risk?Explain other causes
Answers
Explanation:
Unexpected increase in competition relates which type of cause of business risk?Explain other causes of action which the registered player whether I am looking forward to seeing you soon and we are looking to move forward with this is the registered agent responsible
Business Uncertainities
Explanation:
Business risk is referred to possibilities of undetermined profits or even losses due to uncertainties or unexpected events.
Other causes are: -
1. Natural causes: Humans have little control over natural calamities like lightning, heavy rains, etc. They sometimes result in a very heavy loss of life, property, and income.
2. Human causes: These include unexpected events like carelessness or negligence to something, strikes, power failure, etc.
3. Economic causes include all the uncertainties related to the demand for goods, competition, price, collection of dues from customers, etc. Financial problems are also there like rise in interest rate for borrowing, levy of higher taxes, etc. these are also considered under this type of causes as they result in the higher unexpected cost of operation of the business.
4. Other causes: These include events like political disturbances, mechanical failures, etc. this leads to the possibility of business risks.