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You are about to purchase a used car. a.What kinds of threats do you face in this purchase? ...

Question:

You are about to purchase a used car.

a.What kinds of threats do you face in this purchase?

b.What can you do to protect yourself from these threats?

c.How is buying a car like and unlike vertical integration decisions?

Risk Mitigation:

Risk mitigation is the process of assuming actions that will protect an individual or entity from potential threats that would create a personal hardship or threaten the viability of a business. It is the means for anticipating and assessing potential threats and having plans in place to monitor, mitigate, and control those threats that emerge.

Answer and Explanation:

a. What kinds of threats do you face in this purchase?

Purchasing a used car introduces additional threats that may be of a lesser concern when...

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Ways to Manage Risk: Insurable and Uninsurable Risk

from Business 100: Intro to Business

Chapter 21 / Lesson 2
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