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11th Class Chapter No 3 - Business Risks and Causes of Failure in Business for ISC

Business Risk Business risk refers to the probability of losses or inadequate profits due to uncertainties or unexpected events, which are beyond control.

 Nature of Business Risk

  • Business risk arises due to uncertainties
  • Risk is an essential part of every business
  • Degree of risk depends upon the nature and size of business
  • Profit is the reward for bearing the risk
 Causes of Business Risk
  • Natural Causes The natural causes are such type of uncertain factors that human being cannot make any preparation against.
  • Human Causes Human Causes are related to a chance of loss due to human beings or employees of the organisation.
  • Economic Causes Economic Causes are related to a chance of loss due to change in market condition.
  • Other Causes These are unforeseen events like political disturbances, mechanical failures such as the bursting the boiler.
Posted in 11th on July 27 2020 at 09:29 AM

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