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Entrepreneurship as Innovation and Problem Solving — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipEntrepreneurship as Innovation and Problem Solving3 Marks
Question
What do you understand by dynamic risk? Give one example.
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Answer

Dynamic risk occurs due to changes in the economy like changes in demand for the product inflationary tendency in the economy, rising unemployment and fluctuations in the world economy and this type of risk are generally less predictable because they do not appear at regular intervals.
For instance:
  1. Due to market fluctuations, a well-known product of a firm may either lose its demand or may occupy a larger market share.
  2. Black and White TV to Flat screen, high definition TV.

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