If the Potential Risk Is Significant Enough, You Might Need

question 23

Multiple Choice

If the potential risk is significant enough, you might need to take a different approach altogether, which is called risk ____.

• A) openness
• B) avoidance
• C) averaging
• D) management

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Definitions:

Growth Strategy

A plan of action designed to increase the market share, sales, revenues, or profits of an organization.

Frozen Foods Industry

A sector of the food industry focused on the production, marketing, and sale of foods preserved by freezing.

Product Development

The complete process of bringing a new product or service to market, from initial concept through design, development, and introduction to consumers.

Netflix Series

Serialized television content produced or distributed by Netflix for exclusive viewing on its streaming platform.