Business Risks:
Business risks refer to the uncertainties and potential negative outcomes that may impact a company's profitability and financial stability. These risks arise due to various external and internal factors that are beyond the control of the business.

Types of Business Risks:
There are several types of business risks that companies may face. Some common types include:

1. Strategic Risks: These risks are associated with the company's strategic decisions, such as entering into a new market, launching a new product, or changing the business model. Strategic risks arise from uncertainties in the market, competition, and customer preferences.

2. Operational Risks: Operational risks relate to the day-to-day operations of a business. They include risks associated with manufacturing, supply chain, technology, human resources, and other operational processes. These risks can lead to disruptions, inefficiencies, and increased costs.

3. Financial Risks: Financial risks are related to the company's financial structure, including its capital structure, debt levels, liquidity, and investment decisions. Examples of financial risks include changes in interest rates, credit risk, foreign exchange risk, and investment losses.

4. Compliance Risks: Compliance risks arise from the company's failure to comply with laws, regulations, and industry standards. Non-compliance can result in legal penalties, reputational damage, and loss of business opportunities.

5. Market Risks: Market risks are associated with changes in the market conditions, including fluctuations in demand, competition, and pricing. These risks can impact a company's sales, market share, and profitability.

6. Reputational Risks: Reputational risks arise from negative public perception or damage to the company's reputation. These risks can result from product recalls, unethical behavior, customer complaints, or negative media coverage. Reputational risks can have long-term consequences on customer trust, brand value, and business relationships.

Business Contingencies:
Business contingencies refer to the plans and preparations made by a company to mitigate the potential negative impacts of business risks. These contingencies include risk assessment, risk management strategies, and crisis management plans. By identifying and addressing potential risks, companies can better prepare for uncertainties and minimize their impact on business operations and profitability.

Conclusion:
Inadequate profits or losses due to uncertainties are known as business risks. These risks can arise from various internal and external factors and can have a significant impact on a company's financial stability. To mitigate these risks, companies should implement effective risk management strategies and develop business contingencies to minimize potential negative outcomes.