The statement "Business risk can be minimised but can't be eliminated" refers to the inherent nature of risk in business operations. It implies that while businesses can take measures to reduce the likelihood and impact of risks, it is impossible to completely eradicate them.


The aspect/feature of business risk depicted by this statement is its inevitability. Regardless of the industry, market conditions, or the size of the business, there will always be some level of risk involved. This is due to various factors, including external and internal uncertainties, competitive pressures, technological advancements, regulatory changes, and economic fluctuations.


The statement highlights two important aspects of business risk:

1. **Minimization of Business Risk**
- Businesses can adopt risk management strategies to minimize the likelihood and impact of potential risks. Risk management involves identifying, assessing, and prioritizing risks, followed by implementing appropriate control measures.
- Through proactive measures such as diversification, insurance, hedging, contingency planning, and effective financial management, businesses can reduce the exposure to risks. For example, diversifying product offerings or expanding into new markets can mitigate the impact of economic downturns or changes in consumer preferences.
- By adopting robust internal controls, businesses can minimize the risk of fraud, errors, and operational failures. Regular monitoring and evaluation of business processes can help identify potential risks and take corrective actions.

2. **Inability to Eliminate Business Risk**
- Despite the best risk management practices, businesses cannot completely eliminate risks. Some risks are inherent to the industry or market in which the business operates.
- External risks, such as natural disasters, political instability, or changes in government regulations, are beyond the control of businesses. These risks can have a significant impact on operations, financial performance, and market reputation.
- Internal risks, such as management failures, employee misconduct, or technological glitches, may still occur despite preventive measures. Human error, unforeseen circumstances, or unforeseen consequences of decisions can give rise to new risks.


In conclusion, the statement emphasizes that while businesses can take steps to minimize business risks through effective risk management strategies, it is impossible to completely eliminate risks. Understanding and accepting the inevitability of risks allows businesses to develop resilience, adaptability, and contingency plans to navigate uncertainties and ensure long-term sustainability.

BUSINESS RISK CAUSES BECAUSE OF 3 THREE REASON-
1.ECONOMICAL CAUSE - change in public trending choice, govt. interference, loss , price rise or fall.

2.HUMAN CAUSES-Theft, dishonest, irresponsible by employees.
3.NATURAL CAUSES - Flood, earthquake, etc.

SO, here we may be manage loss of the business and manage in price issues, but from the nature call we can't manage it/ control it like earthquake, any human power can't control it. SO we can try to minimize it but can't eliminate it ( ekdum se nhi khatm kr sakte).