Monday, January 26, 2015

What is risktaking in business?

What is risktaking in business?
Risk taking refers to investing in a new product,
service, opening a second business, allowing
a person to invest in your company, adding
new equipment to the business, changing the
way a business is run, and restructuring
management.

Risk involves any aspect of a business.

A risk is taken in the hopes that a profit
is gained, or it benefits the future of a
company.

The goal is to get a greater return from
taking the risk.

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