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Why do highly virulent strains of the influenza virus appear periodically? Give one example.
Impact/Likelihood Matrix
A tool used in risk management to evaluate risks based on the likelihood of their occurrence and the impact if they do occur.
Manage Risk
The systematic process of identifying, analyzing, and responding to potential risks to minimize their impact on an organization.
Contingency Plan
A strategy designed to take into account future events or circumstances that could affect the operation of a business, ensuring preparedness for unexpected challenges.
Marketing Plans
Marketing plans are comprehensive documents outlining a business's strategy for promoting its products or services, including targets, tactics, and budget allocations for a specific period.
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