BUSINESS RISK & CAUSES OF BUSINESS RISK

What is Business Risk:

Business is mainly run to earn profit. However, there is always a chance of suffering loss in it. This danger of loss from unforeseenable events in future in business is name as business risk. Business risk is an essential element of business. it cannot be avoided but it can be minimized by taking timely suitable measures by the businessman. The main causes of business risk in brief are as under.