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Which business risk is controllable?
There are many risks that businesses face, but some are more controllable than others. For example, a company’s financial stability can be threatened by fluctuations in the stock market, interest rates, or the overall economy. However, a business can take steps to protect itself from these risks by diversifying its investments and being proactive about its finances.
Other risks, such as product recalls or lawsuits, may not be as easy to control but can still be managed with careful planning and risk assessment. It’s important for businesses to understand all of the risks they face and put strategies to mitigate them as much as possible. Otherwise, they could deal with unexpected problems that could jeopardize their success.
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