Nature And Purpose Of Business

Question

Define risk.

Solution

Risk is uncertainty associated with an exposure to loss. It is caused by some unfavourable or undesirable event. Steps considered for addressing risk is known as Risk Mitigation.

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Some More Questions From Nature and Purpose of Business Chapter

Define trade.

Define internal trade.

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Nature And Purpose Of Business

Define risk.

Some More Questions From Nature and Purpose of Business Chapter

Define trade.

Define internal trade.

Define External Trade.

Define risk.

Name the functions of business.

How is business an economic activity?

Explain how industry, trade and commerce are related.

What is the role of profit in business?

How auxiliaries to trade help in removing hindrance?

What is business risk. What is its nature?

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