All of the Following Activities Illustrate a Risk Response Strategy

question 33

Multiple Choice

All of the following activities illustrate a risk response strategy designed to exploit an opportunity EXCEPT: 

• A) identify trigger condition 
• B) assign more or better resources 
• C) purchase insurance 
• D) give the project more visibility

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Definitions:

Porter's Five Forces Model

A framework developed by Michael E. Porter used to analyze an industry's structure and competition, focusing on five competitive forces.

Potential Rivals

Entities not currently competing in a market but have the capability to enter and become competitors if they choose to do so.

Immediate Rivals

Competitors operating in the same market space, offering similar products or services to the same customer base.

Layout Design

The process of arranging physical resources in a space, such as machinery or equipment in a factory, to optimize workflow and efficiency.