Why would a firm not mitigate small risks to business?

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Business Strategy MCQs

It is difficult to know every potential risk.

It wants to incur some risks and learn from them.

It does so to lure competitors into taking on the same risks.

The cost-benefit ratio of mitigating even the smallest risks makes it not worth it

Answer

Correct Answer: The cost-benefit ratio of mitigating even the smallest risks makes it not worth it

Explanation:

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