ard 2. Operational 3.Strateg
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
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explain the following three types of risks in business:
1. Hazard
2. Operational
3.Strategic
Expert Solution
Step 1
A company's exposure to risk factors, such as lower profits or failure, is referred to as its business risk. In the business world, anything that makes it more difficult for an organisation to meet its financial targets is called a business risk. Several elements can come together to produce business risk. Some situations where a company may be more at risk are created by the top management or leadership of the organisation.
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