Why Does One Assess the Severity of Potential Losses When

question 58

Multiple Choice

Why does one assess the severity of potential losses when creating a legal risk management plan?

• A) to establish insurance policies for employees exposed to greater risk
• B) to delegate responsibility for devising the risk management plan
• C) to prioritize identified risks and guide a given risk through the process
• D) to identify mechanisms to adopt,avoid,or eliminate existing risks

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Definitions:

Coordinates

A set of numbers that determine the position of a point, line, or object in a space.

Other Channel Members

Refers to the different participants in a distribution channel, including wholesalers, retailers, and distributors, excluding the manufacturer and the end customer.

Horizontal Conflict

A dispute or disagreement that occurs between businesses operating at the same level in the distribution channel, such as two competing retailers.

Dual Distribution

A marketing strategy where a company uses two or more channels to reach its target market, often simultaneously selling through direct and indirect channels.