In addition, there may be loss of assets of the firm due to fire, flood, earthquakes, riots or war and political unrest which may cause unwanted interruptions in the business operations.
Thus business risks may take place in different forms depending upon the nature of a company and its production.
With the introduction to the Coronavirus in 2019, many businesses fell victim to a lot of risks as a result of the damage to the market.
A lot of internal risks arose including the much needed transition to online communication, via Zoom etc., within a business.
[7] A specific example of external risks can be highlighted by the change in the stock market in early 2020.