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 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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Learn more about this topic:
from Business 100: Intro to BusinessChapter 21 / Lesson 2