A ..... ..... is a risk of business as it can lead to less customers, which means less income and profit.

ENTREPRENEURS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A ____ ____ is a risk of business as it can lead to less customers, which means less income and profit.

A	Poor reputation
B	Good reputation
C	Commercial risk
D	Change in house prices

Explanation:

Detailed explanation-1: -Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk.

Detailed explanation-2: -Reputational risk is a threat or danger to the good name or standing of a business or entity. Reputational risk can occur in the following ways: Directly, as the result of the actions of the company. Indirectly, due to the actions of an employee or employees.

Detailed explanation-3: -Types of Risks Widely, risks can be classified into three types: Business Risk, Non-Business Risk, and Financial Risk.

Detailed explanation-4: -strategic risk-eg a competitor coming on to the market. compliance and regulatory risk-eg introduction of new rules or legislation. financial risk-eg interest rate rise on your business loan or a non-paying customer. operational risk-eg the breakdown or theft of key equipment.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS