THE BASIC CONCEPT OF RISK IN ENTREPRENEURSHIP CAN BE EXPRESSED IN THIS STATEMENT, “RISK IS INHERENT IN AN ENTREPRENEURIAL VENTURE.” ALL BUSINESSES, WHETHER BIG OR SMALL, ARE OPERATING WITHIN THE CONCEPT OF RISK-TAKING BECAUSE OF UNCERTAINTY. BUSINESS RISKS CANNOT BE ELIMINATED. THEY ARE INHERENT IN THE VENTURE.
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Answer:
THE BASIC CONCEPT OF RISK IN ENTREPRENEURSHIP CAN BE EXPRESSED IN THIS STATEMENT, “RISK IS INHERENT IN AN ENTREPRENEURIAL VENTURE.” ALL BUSINESSES, WHETHER BIG OR SMALL, ARE OPERATING WITHIN THE CONCEPT OF RISK-TAKING BECAUSE OF UNCERTAINTY. BUSINESS RISKS CANNOT BE ELIMINATED. THEY ARE INHERENT IN THE VENTURE.