What risks does your business face? What is your risk management plan of those risks? Be specific with the type of risk (speculative or pure), identification of risk exposure, and your risk management plan.
What risks does your business face? What is your risk management plan of those risks? Be specific with the type of risk (speculative or pure), identification of risk exposure, and your risk management plan.
Info: business is pet travel
When a firm has a high level of business risk, it may be unable to offer appropriate returns to investors and stakeholders. For example, a company's CEO may make decisions that influence profitability or the CEO may be unable to properly predict future events, causing the company to lose money or fail.
Risk in business is impacted by a variety of factors including:
1. Consumer preferences, demand, and sales quantities are all factors to consider.
2. Price per unit and input expenses
3. Competition
4. The current state of the economy
5. Government rules and regulations
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