what is the business risk ? what are the causes of business risk
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business risk is the possibility a company will have lower than anticipated profit or experience a loss rather than taking process.
business risk include natural factors,competition etc
business risk include natural factors,competition etc
Answered by
12
Answer:
Business Risk :
Business risk can be defined as the uncertainty in a commercial business that is not capable of making profits which suit to their needs because of some causes such as : Changing preferences of the buyer, Strikes by the workers or maybe because of the increasing competition in the market.
It can be of various types :
Competitive risk
Operational risk
Legal risk
Strategical risk etc.
The risk in the business is caused by a lot of unpredictable factors such as Consumers changing taste or the preferences or maybe the workers dissatisfaction with the company's policy.
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