Question 15 Which of the following is an example of a commercial risk? The loss of business income The risk of insufficient retirement income The risk of premature death The risk of being unemployed

Did you know that commercial risks are a big deal for businesses worldwide? They can come from various sources like market fluctuations, competition, or even natural disasters. Companies often use insurance and risk management strategies to mitigate these risks while aiming to maximize profit and ensure stability. Speaking of commercial risks, one common pitfall businesses face is overlooking the importance of conducting thorough market research. Many entrepreneurs dive headfirst into their ideas without analyzing competitors or understanding customer needs, leading to costly mistakes. A little research can help you dodge those bullets!