Question

what is business risk and it's causes​

Answer 1

Business risk is the possiblity of inadequate profits or even losses due to unexpected events or uncertainty.

Causes:

1. Natural: Fire, flood, storm etc.
2. Economic: Fluctuations in demand/supply, increase in competition etc.
3. Political: Changes in government policies, high taxes etc.
4. Human: Theft, mismanagement, forgery etc.
5. Physical & Technical: Changes in technology, loss of goods in transit etc.

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Answer 2

Answer:

Business risk is the possiblity of inadequate profits or even losses due to unexpected events or uncertainty.

Causes:

Natural: Fire, flood, storm etc.

Economic: Fluctuations in demand/supply, increase in competition etc.

Political: Changes in government policies, high taxes etc.

Human: Theft, mismanagement, forgery etc.

Physical & Technical: Changes in technology, loss of goods in transit etc.