Define Business Risk.

Open in App

Solution

Business risk refers to the uncertainties that leads to unprecedented profits or losses. For example: there might be a change in demand of a particular product due to change in customer preferences or rise in prices. Business faces two types of risk: Pure and Speculative.

Suggest Corrections

Similar questions

Define 'business risk'.

Explain the following features of business risk.

(a) Business risks arise due to uncertainties

(b) Risk is an essential part of every business

Explain nature of business risk.

Join BYJU'S Learning Program