Buying a new car is not an example of a risk management strategy. Buying a car does not involve any kind of research, hence it is not necessary to form any strategy for buying a car.
What is risk management strategy?
A risk management strategy is used to identify risks in the business and to create a basic structure for business planning.
It also keeps the person up to date as they review and analyze the marketing in order to make future decisions.
Thus, Buying a new car is not an example of a risk management strategy.
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