Describe the Risk Management Process
What will be an ideal response?
The Risk Management Process is a systematic approach by which an organization can identify and manage its exposure to risk in ways that best fit its strategic goals. Most follow a set of five steps, namely: 1. Establish the Goals of the Risk Management Function, 2. Identify Potential Loss Exposures, 3. Measure Potential Loss Exposures, 4. Choose Risk Handling Techniques, and 5. Implement Techniques and Monitor Effectiveness.
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Which of the following is an example of marketing through social media?
A) a leading brand of sports shoes sponsors the soccer world cup B) a software company organizes a cancer awareness camp free for all C) a new department store in your neighborhood that relies on people to spread the word D) a newspaper article talks about the pollution control processes put in place by a steel manufacturing giant E) a leading car manufacturer advertises the new model on facebook
In what ways do embargoes and exclusives leverage the MPR process? What are complications that may occur as a result of using these tactics?
What will be an ideal response?