You own and operate a small pizza shop that has been profitable but is in need of a renovation.After you begin the renovation you discover that a pizza chain has bought a vacant building two blocks away and plans to open a shop within 120 days.Undoubtedly,competition will intensify.You decide to accelerate the renovation work.What are you trying to do?
A) avoid risk
B) minimize risk
C) escalate risk
D) manage risk

Question

Quizplus · Accepted Answer

You are trying to manage risk by accelerating the renovation to be better prepared for the increased competition from the new pizza chain.

You Own and Operate a Small Pizza Shop That Has