What are the main impacts of business risks on a company?
Business risks can affect a company in various ways, including financial losses, reputational damage, and operational disruptions.
Can you give examples of specific business risks?
Sure! Examples include market risks, credit risks, operational risks, and compliance risks.
How can companies mitigate these risks?
Companies can mitigate risks through strategies like risk assessment, insurance, diversification, and implementing strong internal controls.
What role does technology play in managing business risks?
Technology helps in risk management by providing data analytics, automation, and real-time monitoring to identify and respond to risks quickly.
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