Business and Risk Management Concepts

Front

Avoidance

Back

Risk-response strategy to avoid risky actions

Front

Business risk

Back

Possibility of loss or gain in business

Front

Cost of goods

Back

Money paid for products or raw materials

Front

Direct competition

Back

Rivalry among similar businesses

Front

Economic risk

Back

Loss due to economic factors

Front

Expenses

Back

Money spent by a business

Front

Gross profit

Back

Income minus cost of goods

Front

Human risks

Back

Loss from human error

Front

Income

Back

Money received for goods/services

Front

Indirect competition

Back

Rivalry among dissimilar businesses