A business has a better chance to succeed if one takes calculated risks.

Question

Quizplus · Accepted Answer

Taking calculated risks can lead to innovation, growth and advantage over competitors. It involves evaluating the potential benefits and drawbacks of an action beforehand, and choosing the option with the best potential outcome while minimizing potential losses. However, it is important to note that blind risk-taking or taking excessive risks without proper analysis and preparation can be detrimental to a business.

A Business Has a Better Chance to Succeed If One