write any two causes of business risk
Answers
Explanation:
The main causes of business risk are as under:
Natural Factors. There are certain nature factors like floods, earthquake etc. ...
Competition. ...
Change in demand for the product. ...
Use of Modern Technology. ...
Human Causes of Business Risk. ...
Change in Government Policies. ...
Mismanagement.
Answer:
1 Competition
When business have strong competitors in the market and the manufactures indulge in cut throat competition by cutting down price of the goods or by producing cheaper quality of the product, which is a great hazard for business.
2 Use of Modern Technology
If a company is financially sound can install heavy machinery and use modern techniques of production. By doing this per unit cost of production of goods decreases, for small business units it is not possible to do so. It is lead to suffer their business.
Explanation:
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