If You Limit Your Risk by Implementing Controls That Minimize

question 152

Multiple Choice

If you limit your risk by implementing controls that minimize the impact of the threat, you have implemented a risk _________ strategy.

• A) acceptance
• B) avoidance
• C) limitation
• D) transference

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Definitions:

Value Frontier

A concept in business strategy that represents the maximum amount of value that companies can deliver to their customers at the lowest cost, balancing quality and affordability.

Value Frontier

A concept in business strategy that represents the maximum value a company can deliver to its customers at a given cost.

Innovation

The process of creating, developing, and implementing new ideas, products, or methods to improve or disrupt existing markets.

Market Expansion

Strategies used by businesses to sell their existing products or services to new geographical areas or markets to increase their customer base.