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.Here are seven types of business risk you may want to address in your company.
Economic Risk. The economy is constantly changing as the markets fluctuate. ...
Compliance Risk. ...
Security and Fraud Risk. ...
Financial Risk. ...
Reputation Risk. ...
Operational Risk. ...
Competition (or Comfort) Risk. ...
Accept, But Plan.
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Answer:
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.Here are seven types of business risk you may want to address in your company. brainliest
Explanation: