INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a risk or threats coming from various environment outside the business firm
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internal risks
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external risks
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risk
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risk management
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Explanation:
Detailed explanation-1: -Good examples of external risks are natural disasters such as earthquakes and volcanoes. Insurance adjusters analyze external risks on a normal basis.
Detailed explanation-2: -The external environment includes economic factors, legal factors, political factors and technological factors. External factors present companies both risks and opportunities. Marvin is concerned with the risks.
Detailed explanation-3: -Definition. Risks outside the project control or global risks inherent in any project such as global economic downturns, trade difficulties affecting deliverables such as construction materials or political actions that are beyond the direct control of the project.
There is 1 question to complete.