Marketing EssentialsSection 2:
Handling Business RisksAfter You Read Online ActionKey Terms and Concepts - Four basic ways to handle business risks are risk prevention and control, risk transfer, risk retention, and risk avoidance.
- Providing safe working conditions and safety instruction, screening and training of employees, preventing external theft, and controlling employee theft.
- Three ways to transfer risk include purchasing insurance, providing product and service warranties, and transferring risks through business ownership.
Academic Skills - Internal theft = $15,840,000,000
- External theft = $10,230,000,000
- Student articles should demonstrate an understanding of shoplifting as well as identify the source of the article.
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