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Which of the following statements is true? Group of answer choices In a market system, firms face risks. The profitability of the firm depends on
Which of the following statements is true? Group of answer choices
In a market system, firms face risks. The profitability of the firm depends on how well it manages its risks.
Profits flow to the owners of the firms as their reward for bearing the risk of losses due to factors such as input shortages, changes in consumer tastes, and natural disasters that affect the supply chain.
Employees and suppliers to the firm face much more risk (than firms do): Most of the time, they don't get paid regardless of how well the firm is doing.
All of the above.
Only a) and b)
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