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Risk - The Element of Uncertainty in Business Activity

Author

Listed:
  • Sofia Scutari

    (“Constantin Stere†University of Political and Economic Studies)

Abstract

This article describes the role of risk in business. The author also presents the factors influencing entrepreneurial activity. Following the analysis of the researchers' opinions regarding the concept of risk, the author describes her own vision related to the notion of risk. The importance and complexity of risk in the business economics is also researched. This article will be useful for professors, students and business researchers dealing with the sciences of entrepreneurship.

Suggested Citation

  • Sofia Scutari, 2021. "Risk - The Element of Uncertainty in Business Activity," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 500-505, December.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:500-505
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2021-2/Section%203/44.pdf
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    More about this item

    Keywords

    firm; risk; business; business strategy; entrepreneurial activity;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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