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Definition of "Business Risk" |
The term business risk refers to the possibility of inadequate profits or even losses due to uncertainties e.g. changes in tastes, preferences of consumers, strikes, increased competition, change in government policy, obsolence etc .Every business organization contains various risk elements while doing the business. Business risks implies uncertainty in profits or danger of loss and the events that could pose a risk due to some unforeseen events in future, which causes business to fail. |
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