Republic of uzbekistan andijan machine-building institute fundamentals of business management

The cost of remodeling one type of golf club 
Total price ÷ Number of people = Price per person 
GFA members 
$600÷10=$60 
There are no 
members 
$600÷1=$600 
Risk avoidance. 
You may not take risks with your ideas and plans. If you believe that you do not have enough 
skills and experience to start a new business, do not decide to start a business alone. If the market 
believes that there is no demand to cover the cost of a new product, businesses will not produce 
that product. Risk avoidance is the risk that decision makers fear 

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know the decisionsThey must determine the costs and potential rewards of their decisions. If losses 
occur, they must estimate the amount of losses. If the potential risk or losses are too large If there 
is, they will make a decision to get out of it. Such protections will never disappear. Risk transfer. 
Sometimes actions lead to great financial risks. If businesses are not able to identify the risk, they 
can miss it. When the risk is missed, someone guesses the risk. If the company fails to pay its debts, 
the company cannot avoid losses. In this situation, the company gets out of the situation by offering 
loans to banks or lending companies. These businesses already have their own credit operations. 
They can work effectively with credit consumers. They even offer loans or They can also manage 
their losses. Banks and loan companies can accept loan prices, they profit from the money paid by 
the company for loans, and they like consumer payments.Companies avoid the risk of product 
damage by using warehouses in other member channels and by distributing products. The risk of 
a significant or unsuccessful study of the manufacturer can be transferred in cooperation with 
experienced firms. The cost of conducting research is with other already experienced specialists. 
lga will be distributed by the company. If the research is successful, the manufacturer will produce 
and sell the product. This will then share the profit with the partners.The cost of conducting 
research is shared by the company with other already experienced specialists. If the research is 
successful, the manufacturer produces and sells the product. They then share the profit with the 
partners.The cost of conducting research is shared by the company with other already experienced 
specialists. If the research is successful, the manufacturer produces and sells the product. They 
then share the profit with the partners. 
Risk insurance 
Ifbusinesses are likely to be insured when they face the same type of risks as others, and when the 
amount of losses is reasonably estimated. In this case, we can imagine the GolFriends Association, 
which we discussed earlier, where each club owner By giving a small amount of money to the 
association, they prevented theft. Businesses also prevent the risks they may face by purchasing 
fire insurance for their buildings, equipment, and production from other businesses. Several 
businesses may have losses due to fire over a specific period of time. Based on the fire history, 
businesses and experts estimate the total loss for several businesses over a period of time. 
Figure 2.