Define 'business risk'.

The chance a business will incur a slight loss in business is called risk.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

The probability or chance a business incurs a loss is called risk.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

The chance a business will incur no loss in business is called risk.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

All of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
The probability or chance a business incurs a loss is called risk.

Risk in a business is the probability or chance a business incurs a loss.

Suggest Corrections

Similar questions

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