Commerce Dictionary By Isha

 BUSINESS RISKS - TYPES, NATURE AND CAUSES                                                     https://youtu.be/5JYNLsO1jio RISK is defined as the possibility of uncertainties and unexpected events which are beyond our control. BUSINESS RISK -  When we think of starting a business or when we start any business, we often have some questions in our mind like -  There is so much risk in doing business, should I start it? What if I incur a loss in my business? What if I earn less profit than expected or less than the amount I have invested? What if my business fails? Why do we think so? Because there are some uncertain and unexpected events which can occur anytime and affect our business. So, Business risks refer to the possibility of inadequate profits or losses due to unexpected and uncertain events. Few examples are cited below: 1.You own a rest...

 OBJECTIVES OF BUSINESS| CLASS XI |BST                                                       https://youtu.be/Um3C8749m-g We all have some aim, purpose and a reason to live our lives. Likewise, a business also operates because it has some objectives to fulfil. A reason why that business gets started! WHAT IS THE MEANING OF OBJECTIVES? In simple words, an objective is a point that an organization has to achieve in a specified time period. All the efforts and actions are directed towards achieving that objective. It may be anything like earning a profit, increasing productivity, providing quality goods, making a position in a specific industry, etc. Setting objectives bring prosperity to a business. They should be time-oriented, specific, achievable, relevant and measurable. WHY PROFIT IS AN ESSENTIAL OBJECTIVE? The main objective of any business...