Category: Business
blog address: https://www.ourbusinessladder.com/what-are-the-causes-of-business-risk/
blog details: What is Business Risk?
Business risk is said to be a threat to the company’s capability to achieve its financial goals. Business risk means that a company’s plan may not turn out as planned or it may not achieve its goals or meet its targets. Such risks cannot be blamed on the company’s owner because risks are influenced by multiple external factors which include price inflation of raw materials for production, additions or changes to existing government regulations, growing competition, etc.
In this article, we will discuss the cause of business risk:
1. Natural Factors
There are some natural factors like earthquakes, floods, etc., which can damage the business. It is said to be uncontrollable by humans so any loss incurred by natural calamities is also unavoidable.
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