BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the main reason people are willing to face possible business risks?
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Security
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Job
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Profit
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Power
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Explanation:
Detailed explanation-1: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks. Entrepreneurs must plan wisely in terms of budgeting and show investors that they are considering risks by creating a realistic business plan.
Detailed explanation-2: -Why are people willing to take the risks of entrepreneurship? Opportunity, profit, independence, and challenge.
There is 1 question to complete.