Risk Flashcards
(3 cards)
1
Q
What are the main risks of a new business
A
Unexpected costs
Lower than expected sales
Failure to secure distribution
2
Q
What are some non financial rewards of entrepreneurship
A
Being in control
Sense of satisfaction
Getting industry award
Getting good reviews
Building something-pride
3
Q
How may a business respond to risk
A
Ignore it
Share risk-insurance
Make contingency plans-prepare
Embrace risk as opportunity
