1.

“No Business is risk free”. In the light of this statement, explain the concept of business risk, its nature and any three causes of business risk

Answer»

Answer:

No BUISNESS is RISK free

Explanation:

you can reduce risk but not eliminate risk from buisness

risk is an essential part of buisness

natural risk- the risk is CONTROL by nature so you can't prepared in advance for this risk

Economic risk- recession period or price fluctuation in primary raw materials

human cause



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