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2 years ago

Which is not an example of a risk management strategy?.

Business

1 answer:

OlgaM077 [116]2 years ago

8 0

Buying a new car is not an example of a risk management strategy.

<h3>What do you mean by risk management strategy?</h3>

A risk management strategy is a systematic and consistent approach to identifying, assessing, and managing risk.

Travel insurance is an example of this. We do not accept the risks of a lost suitcase or an accident abroad, as well as the associated costs; instead, we pay a travel insurance company, so that they bear the financial consequences.

Thus, Buying a new car is not an example of a risk management strategy.

learn more about risk management strategy refer:

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3 years ago

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I wish you the best.

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3 years ago

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3 years ago