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Forms of Business Organisation — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesForms of Business Organisation1 Mark
Question
List two methods by which a businessman can prevent business risk.
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Answer

A businessman can prevent business risk by following two methods:
  1. By implementing the concept of risk management, he can evaluate the risk on time.
  2. By securing the funds for such risks, he can minimise the effects of risk.

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