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Question

Risk is an inherent element of a business. Do you agree?
 


Solution

Yes, Risk is an inherent element of a business. According to Peter F. Drucker, the famous US management consultant "Bearing of risk is an essential element of the business". Risk is an essential part of every business as no business can avoid risk although the amount of risk may vary from business to business. Risk can be minimised but cannot be eliminated.

For e.g.:
Every business faces risk constantly from the time of its establishment and till the time is grows and expands and continues to exist in the market. There may be the risk of fluctuation in demand and supply, unfavourable tastes and preferences change in the government policies and so on. and many other risks causing losses or inadequate profits to the business, therefore, we can say that risk is an internet part of every business.
 


Business Studies

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