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Different Categories of Business Risk

Author

Listed:
  • Simona-Valeria TOMA

    (Dunarea de Jos University of Galati, România)

  • Ioana-Veronica ALEXA

    (Dunarea de Jos University of Galati, România)

  • Daniela SARPE

    (Dunarea de Jos University of Galati, România)

Abstract

Every business organisation involves some element of risk. Unmitigated risks can result in lost opportunity, financial losses, loss of reputation, or loss of the right to operate in a jurisdiction. Like any other risk type, understanding business risks is quite important for every business to garner profits instead of facing losses. A business risk is a universal risk type; this means that every business in the world faces business risks. Therefore, it is imperative to understand the different categories of business risk in order to create the appropriate strategies. The aim of this paper is to describe the most important categories of business risks and to make sure that every type of risk receives equal treatment and consideration.

Suggested Citation

  • Simona-Valeria TOMA & Ioana-Veronica ALEXA & Daniela SARPE, 2011. "Different Categories of Business Risk," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 88-92.
  • Handle: RePEc:ddj:fserec:y:2011:p:88-92
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    References listed on IDEAS

    as
    1. Hoti, Suhejla, 2005. "Modelling country spillover effects in country risk ratings," Emerging Markets Review, Elsevier, vol. 6(4), pages 324-345, December.
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    Keywords

    business risk; risk management;

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