ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identification of risks and your plan to deal with them should be in your business plan’s
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marketing section
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operations section
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financial section
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appendix
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Explanation:
Detailed explanation-1: -A risk management plan can help minimise the impact of risks that could weaken your cash flow or damage your brand. It will also help create a culture of sensible risk awareness and management in your business.
Detailed explanation-2: -Risks are identified through a number of ways. Strategies to identify these risks rely on comprehensively analyzing a company’s specific business activities. Most organizations face preventable, strategic and external threats that can be managed through acceptance, transfer, reduction, or elimination.
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