what is mitigation strategy
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A risk mitigation strategy, by definition, is taking steps to reduce the risk (the severity of the impact and/or probability of the occurrence). Losses can quickly accumulate if rates rapidly change and, at that point, reducing the risk becomes considerably more costly. ..
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Answer:
A risk mitigation strategy, by definition, is taking steps to reduce the risk (the severity of the impact and/or probability of the occurrence). Losses can quickly accumulate if rates rapidly change and, at that point, reducing the risk becomes considerably more costly.
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