Question

various types of risk management must take into consideration while designing policies ​

Answer 1

Answer:

The main categories of risk to consider are:

•••strategic, for example a competitor coming on to the market.

•••compliance, for example the introduction of new health and safety legislation.

•••financial, for example non-payment by a customer or increased interest charges on a business loan

•••Avoidance (eliminate, withdraw from or not become involved)

•••Reduction (optimize – mitigate)

•••Sharing (transfer – outsource or insure)

•••Retention (accept and budget)

Explanation:

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Answer 2

Answer:

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