Risk and uncertainty
Risk and uncertainty
Risk is the possibility that a business decision or event will lead to a loss or an outcome different from the one expected. A business may be able to assign a reliable probability to the possible outcomes, allowing it to compare the possible loss with the possible reward.
Step-by-step lessons on AQA GCSE Business 2.6.2 Uncertainty and risk. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.