nature and sources of change in business - financial (1 Viewer)

[raven2000]

This is what i have in my notes: (business management and change -> managing change -> nature and sources of change in business -> financial)
Financial influences have been a significant source of change. The financial environment has become increasingly competitive and there has been an explosion of financial products available. The most important are the hedging products that allow a business to transfer some of the risks to other businesses.

What are hedging products?

 

[veloc1ty]

Exactly what it says: products that transfer risks to other businesses. Most common example being insurance.

 

[raven2000]

ohhh. k. Thanks
Had no idea it was like insurance