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entrepreneurial risk

TermDefinition
Markets some of the risks that almost all businesses face involve competition,price, changes, style changes, competition from new products, and changes from fluctuating economic conditions.
Accidents Businesses also face risks beyond these market and economic shifts. For instance, a merchandise shipment of laptops may be destroyed in transit.
Speculative Risk the uncertainty as to whether an activity will result in a gain or a loss.
Pure Risk uncertainty as to whether some unpredictable event that can result in loss will occur.
Risk the possibility of damage, injury, or loss.
Created by: pherrera5702
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