Types of Risk
-Ex: Failure to be skilled & have experience
- Ex: American Company invests 1,000,000 in a manufacturing plant, aside from the business risk it's making the plant profitable, then is exposed to econimic risk.
-Ex: Black Market, Farmer consuming his crops, growing veggies in the backyard
- Ex: Earthquake hitting your house
-Ex: When you buy stock in the market , it could go up or down.
-Ex: High blood pressure, High cholesterol, Tobacco & Alcohol use
-Ex: Age, Gender, & Race
-Ex: Fire insurance, storm, damage, & threat
-Ex: Reputational risk, Regulatory risk, & trade secret
Ways that businesses manage risk