what is business risk????
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The term business risks refers to the possibility of a commercial business making inadequate profits due to uncertainties - for example: changes in tastes, changing preferences of consumers, strikes, increased competition, changes in government policy, obsolescence etc. W
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Business risk refers to the possibility of inadequate profits or even losses due to uncertainty for an accepted events. It is always unforceable or unpredictable. There is no control on such incidents by businessman in the words of wheeler. Risk is the chance of loss it is the possibility of some unfavourable occurrences.
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