In a Business Environment, Risk Can Be Addressed Four Ways

question 3

Essay

In a business environment, risk can be addressed four ways: avoidance, acceptance, sharing, and reduction. For Taco Bell, identify how each of the following risks can be addressed by one of these four options.
a. Customers might not want to buy deep fried products.
b. Lawsuits might be brought upon the company should customers contract e-coli.
c. Franchisees might not follow corporate guidelines for advertising and promotion.
d. Food preparation could differ from location to location.

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Definitions:

Memorization

Memorization is the process of committing information to memory for later retrieval through practices such as repetition or employing mnemonic devices.

Repressed Memories

Memories that have been unconsciously blocked due to being associated with a high level of stress or trauma.

Hypnosis

A trance-like state of focus and concentration achieved with the help of a therapist or by self-induction, used for therapy or entertainment purposes.

Dissociation

A mental process involving a disconnection from one's thoughts, memories, feelings, or sense of identity, often as a response to trauma or stress.