Risk Factors In Business

We know the positive points of the business but we should aware of fluctuations in business/up and down in business. For every business, there are different phages through which business goes. Introduction Phase: At introductory phase, there is very slow demand inceases and more efforts are required. Growth Phase: There is an increase in demand for the products and services, need to focus on resources,process,quality, capablity etc. Maturity Phase: There is a peak state of a business and need to focus on more srategies to be in a compititors market, increase customer reach to grow or for stability in a market. Decline Phase: This phase is a decrease in demand for our products and services, its really alarm to a business to focus on advertizing, reach, quality enhancement, efficiency, customer satisfaction, customer feedback etc. When the business is running risk can be considered in every phase to avoid future problems.

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