BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is an example of a strategic risk?
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Property Damage
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Competition
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Human Errors
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Labor Relations
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Explanation:
Detailed explanation-1: -The introduction of new products or services. Mergers and acquisitions which prove unsuccessful. Market or industry changes, such as a shift in the needs or expectations of customers. Problems with suppliers and other stakeholders.
Detailed explanation-2: -Some examples of risk management strategies are risk avoidance, risk acceptance, risk transfer, risk reduction, and risk retention.
There is 1 question to complete.