Your friend Sumit wants to start a new business. Therefore, he is interested in knowing about the business risks and their causes. Explain him the meaning and causes of business

risks.​

Business hazard is the potential outcomes an organization will have lower than expected benefits or experience a misfortune instead of taking a benefit. Business hazard is impacted by various elements, including deals volume, per-unit value, input expenses, rivalry, and the in general financial environment and unofficial laws.

Explanation:

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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