Applied Business GCSE: Risk and Reward 0.0 / 5 ? Applied BusinessRisk and RewardGCSEOCR Created by: [email protected]Created on: 22-11-16 13:07 What is risk? The likelihood of failure 1 of 5 What is reward? The potential benefits of taking a risk 2 of 5 What is an example of a business taking a risk? Changing core business activity, Taking new products, relocation 3 of 5 What factors affect risk and reward? Amount of money involved, Personal knowledge, Potential benefits. 4 of 5 What happens if a business does not take a risk? Lose out to competition, Fail to keep up with trends, Lack of growth or sales. 5 of 5
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