You and your friend Ramesh want to start a business.But Ramesh is worroed about the risk in business.Therefore,he is intrested in knowing business risks and their causes.Explain to him the meaning and causes of business risks.(anwer in about 40-60 words)
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Business risks are unplanned losses of a firm.It may and may not occur.Business risk are not rec coring.They occur due to unorganized management. It can be recovered by taking insurance policy.In a firm business may be affected by many problems but gets tackled by high returns from the business itself.THE MORE RISK WILL RESULT IN MORE RETURNS!!!!!
it can be profit or loss.but if planned properly then there will be more profits earned and loss incurred may get decreased.
it can be profit or loss.but if planned properly then there will be more profits earned and loss incurred may get decreased.
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