Deviations in profitability define the business risk category. It is a situation that is caused by many factors such as prices, regulation, competition, among others.
Deviations in profitability are when the business yields a profit that is different from expected or estimated profits. It might be increased profits or decrease.
Deviations in profitability can be defined under many business risk categories such as operational risk, hazard risk, financial risk, or strategic risks.
Hence, in this case, it is concluded that deviations in profitability define the business risk category.
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