Question

what steps can be taken by business to minimize risk?​

Answer 1

Answer:

Here are some things to consider doing to help reduce the financial risks if you're starting a new business.

Develop a Solid Plan. ...

Perform Quality Control Tests. ...

Keep Good Records. ...

Limit Loans. ...

Keep Accounts Receivable Low. ...

Diversify Income. ...

Buy Insurance. ...

Save Money.

Answer 2

Answer:The following steps for minimising the risk are;-----

1 insured their stock

2 make all arrangents for any natural crimate(fire, earthquick)

3  arrange all security and updated time to time (password used for per individual person)

4  follow all the guidelines as per ACT