The term ‘risk’ refers to
the possibility of inadequate pro
or even losses due to uncertainties or unexpected events. Its nature can be explained with the help of its characteristics which are: (i) Business risks arise due to uncertainties, (ii) Risk is an essential part of every business, (iii) Degree of risk depends mainly upon the nature and size of business and (iv) Profit is the reward for risk taking. Business risks arise due to a vaious of causes including natural, human, economic and other causes.
or even losses due to uncertainties or unexpected events. Its nature can be explained with the help of its characteristics which are: (i) Business risks arise due to uncertainties, (ii) Risk is an essential part of every business, (iii) Degree of risk depends mainly upon the nature and size of business and (iv) Profit is the reward for risk taking. Business risks arise due to a vaious of causes including natural, human, economic and other causes.
No comments:
Post a Comment