"Risk in business is not by choice but a compulsion." Comment.
YES'" it is true that risks in business is not a choice but a compulsion.
1] Risks in the business can be reduced but cannot becompletely eliminated
2]degree of risk depends on nature and size of business . for eg : a large scale industry has more risk as compared to small scale industies. similarly a fashion industry has more risk in relation to a textile industry
3]business is full of uncertainities. uncertainity means lack of knowledge what business is going to give in future
. this uncertainity leads to the creation of risks
4]business exists for earning profits. no business can survive without profit. profit can only be earned by
undertaking risks. higher the risks higher the chances of earning profit