Understanding Business
Understanding Business
13th Edition
ISBN: 9781264249527
Author: Nickels, William G.
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter C, Problem 3CT
Summary Introduction

To think critically about: The actions taken to avoid risk.

Introduction: Risk refers to the probability of loss in a particular type of event. Rather it is lower probability rate of success associated with a new start up in any field. It involves the risk of loss of time as well as money for the non profitable business.

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