Saved Bookmarks
| 1. |
Name and explain tewo characteristics of bussiness which involve possiblity of loss |
|
Answer» The two characteristics of business which INVOLVE possibility of loss are : (i) UNCERTAINTY of return : There is always uncertainty of return and possibility of loss . Every businessman invests money in his / her business with the objective of earning profit . however , there is always a possibility of loss. (ii) Element of risk : Risk IMPLIES the uncertainty of REWARD or the possibility of loss . there is always some element of risk involved in business because the future is uncertain . The risks are related to changes in consumer taste and fashions , strikes or lock - outs at the work place , increased competition , fire , theft , accidents , etc.Hope it helps PLEASE mark me brainliest |
|