The risk of a firm receiving a poor online review exposes a restaurant is a type of business risk.
What are Business risks?
- Business risks are the likelihood that a company would experience insufficient earnings (or even losses) as a result of unpredictable abilities, such as shifts in consumer preferences, strikes, increasing competition, shifts in governmental policies, obsolescence, etc.
- While conducting business, every company organization encounters several risk factors.
- Business risk refers to the possibility of loss or uncertainty in profitability as well as potential future occurrences that could put a business at risk of failing due to unanticipated circumstances.
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