Business Studies, asked by shray04, 9 months ago

what is business rusk ? what is its nature? explain

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Answered by queensp73

Answer:

Business risks. The term business risk refers to the possibility of inadequate profits or even losses due to uncertainties e.g., changes in tastes, preferences of consumers, strikes, increased competition, change in government policy, obsolescence etc.

Nature of Business Risk. 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.

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