BUSINESS RISKS

BUSINESS RISKS

Essentially, every business organization faces various risks elements while doing business.

The term Business Risks refers to the possibility of a commercial business making inadequate profits (or even losses) due to uncertainties – for example; increase competition, changes in government policies, changes in tastes.

Consequently, business risks implies uncertainties in profits and danger of loss and other events that could possibly pose a risk due to some unforeseeable events in the future, which causes business to fail.

In general terms, business faces multiple risks for example, risk in production, marketing, machinery, labour unrest, etc.