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Business risk Related: Business and Profession - Nature and Purpose o...
Business risks refers to the possibility of inadequate profits or even losses due to uncertainties or unexpected events................For example - demand for a particular product may decline due to change in taste and preferences of consumers or due to increased competition from other producers.lower demand results in long sales and profits.
Community Answer
Business risk Related: Business and Profession - Nature and Purpose o...
Business risk basically refers to viability of a business to make sufficient sales and generate sufficient revenues to cover its operational expenses and earn profit.
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Business risk Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11
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Business risk Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11 for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Business risk Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11 covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Business risk Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11.
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