Quiz: How Businesses Reduce Risk
AQA GCSE Business 8132
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You've already learned about risks businesses face due to competition, laws, and globalisation. Now let's focus on how businesses reduce those risks with research, insurance, planning, and flexibility!
What is one of the main ways businesses reduce risk?
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Which of the following are methods businesses use to reduce risk? (Select all that apply)
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Businesses purchase {{blank0}} to protect themselves against risks such as {{blank1}}.
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Match the items on the left with their correct pairs on the right
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Which of the following is an example of business flexibility?
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Why is market research useful for reducing risk? (Select all that apply)
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A detailed business {{blank0}} helps businesses identify risks and prepare {{blank1}} to address them.
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Match the items on the left with their correct pairs on the right
What is a key benefit of creating a business plan to reduce risk?
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Why is flexibility important for reducing risk?
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