What's the difference between threat, vulnerability, and risk?
Answers
Answer: Difference between threat and vulnerability and risk is given below :
Explanation:
Threat : thread is an unfavourable condition is the company's external environment which causes a damage or risk to its position competition from multinational corporations is a threat for Indian firms.
Vulnerability : Vulnerability is the boldest act in a business, It refers to the current state taking responsibility, performing bold actions and taking wise decisions. Sometimes vulnerability may lead to risk if it is left unchecked the energy will convert into weakness of the business.
Risk : Risk in a business is the uncertain moment which is not expected and which causes the business making inadequate amount of profit and and putting them under risk. Anything that threatens the company to meet its goal and causes a barrier in reaching the achievement it is known as risk.