BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Some businesses sell products that become unfashionable or outmoded if they are not sold promptly. This creates a business risk called
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Exchange
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Obsolescence
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Insurance
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Competition
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Explanation:
Detailed explanation-1: -Strikes are not considered natural cause of business risk because nature is not involved with them but earthquake, rains, famine are all natural phenomenon.
Detailed explanation-2: -Business risk refers to anything that could impact your company’s finances. In many cases, these financial risks could destroy your company. While there are many factors that can create a business risk, some include: Fire damage. Flooding.
Detailed explanation-3: -A risk, in a business context, is anything that threatens an organization’s ability to generate profits at its target levels; in the long term, risks can threaten an organization’s sustainability.
There is 1 question to complete.