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entrepreneur risk

entrepreneur risk vocabulary

TermDefinition
risk the possibility of damage, injury, or loss
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 A warehouse may burn down and large amounts of expensive inventory may be lost
Speculative risk the uncertainty as to whether an activity will result in a gain or a loss.
Pure risk ncertainty as to whether some unpredictable event that can result in loss will occur. Pure risk can only result in loss, never in gain
Created by: chickenjoe217
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