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Business risk is the possibility of occurrence of losses or insufficient profits because of various unexpected events which cannot be controlled by business . explain its types and causes?
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Business risk is the possibility of occurrence of losses or insufficie...
Types of Business Risks:
- Strategic Risk: This type of risk arises when a company makes poor business decisions, resulting in loss of market share, reputation, or competitive advantage.
- Operational Risk: Operational risks stem from internal processes, systems, and people within an organization. This includes risks related to human error, technology failures, fraud, and natural disasters.
- Financial Risk: Financial risks include market risk, credit risk, liquidity risk, and currency risk. These risks can impact a company's financial stability and profitability.
- Compliance Risk: Compliance risks refer to the potential violations of laws, regulations, or industry standards. Non-compliance can lead to legal issues, fines, or reputational damage.
Causes of Business Risks:
- External Factors: External factors such as changes in the economy, political landscape, or industry trends can pose risks to a business. These factors are beyond the control of the company.
- Internal Factors: Internal factors like poor management decisions, inadequate resources, or lack of proper planning can also contribute to business risks.
- Technological Changes: Rapid advancements in technology can create risks for businesses that fail to adapt or invest in new technologies. This can lead to obsolescence or loss of competitive edge.
- Globalization: Operating in global markets exposes businesses to risks such as currency fluctuations, political instability, and cultural differences. These risks can impact the company's operations and profitability.
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Business risk is the possibility of occurrence of losses or insufficient profits because of various unexpected events which cannot be controlled by business . explain its types and causes?
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Business risk is the possibility of occurrence of losses or insufficient profits because of various unexpected events which cannot be controlled by business . explain its types and causes? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Business risk is the possibility of occurrence of losses or insufficient profits because of various unexpected events which cannot be controlled by business . explain its types and causes? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Business risk is the possibility of occurrence of losses or insufficient profits because of various unexpected events which cannot be controlled by business . explain its types and causes?.
Business risk is the possibility of occurrence of losses or insufficient profits because of various unexpected events which cannot be controlled by business . explain its types and causes? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Business risk is the possibility of occurrence of losses or insufficient profits because of various unexpected events which cannot be controlled by business . explain its types and causes? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Business risk is the possibility of occurrence of losses or insufficient profits because of various unexpected events which cannot be controlled by business . explain its types and causes?.
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