Which of the following is the last step of the three-component approach to managing policy risk?

Question

Quizplus · Accepted Answer

The last step of the three-component approach to managing policy risk is to influence the risk through collective action and coalitions. This involves building alliances with other relevant actors in order to mitigate the potential negative effects of the risk. The other options are part of the first two components of the approach (providing a framework for identifying preferences and collecting information and understanding the preferences of the actors in the market and nonmarket environments), but do not address the final step of taking action to manage the risk.

Which of the Following Is the Last Step of the Three-Component