Risk avoidance involves anticipation of what can go wrong and taking steps to avoid that eventuality.

Question

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Risk avoidance is a proactive approach to risk management where the focus is on identifying potential risks and taking steps to prevent them from occurring. By anticipating what can go wrong, businesses or individuals can minimize the impact of unpleasant events, and ultimately help to reduce losses.

Risk Avoidance Involves Anticipation of What Can Go Wrong and Taking