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Explain Each of the Four Means of Incorporating Risk into Business

question 4

Essay

Explain each of the four means of incorporating risk into business strategies when companies employ an adaptation strategy.


Definitions:

Exposure Risk

Exposure risk refers to the potential for individuals to come into contact with harmful substances, environments, or agents that can lead to adverse health effects.

Health Problems

Medical conditions or diseases that can negatively affect a person's physical or mental well-being.

Social Justice

A concept focused on promoting fairness and equity within a society, addressing issues of inequality and discrimination.

Societal Responsibility

The duty of individuals and organizations to act in ways that benefit society as a whole.

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