MANAGEMENT

Detailed explanation-1: -business risk. Refers to the uncertainty about the rate of return caused by the nature of the business. commodity risk. The type of risk which is associated with the absolute changes in the price of the commodity. risk management.

Detailed explanation-2: -Risk refers to decision-making situations under which all potential outcomes and their likelihood of occurrences are known to the decision-maker, and uncertainty refers to situations under which either the outcomes and/or their probabilities of occurrences are unknown to the decision-maker.

Detailed explanation-3: -Business risk is any exposure a company or organization has to factor(s) that may lower its profits or cause it to go bankrupt. The sources of business risk are varied but can range from changes in consumer taste and demand, the state of the overall economy, and government rules and regulations.