$3.$to managing risks.Risk $(25$ marks$)3\mathrm{.}1$ Apply outcomes and environmental factors as elements of risk to Edward's$3\mathrm{.}2$EcoCraft. $(10)$Risks applied$*3\mathrm{.}2\mathrm{.}1$ Identify a possible competitor risk that Edward's EcoCraft might face. Clearly explain the risk and the possible impact that this risk might have on Edward's EcoCraft. $(5)$Examples can include actual research on current competitors in South Africa.$*3\mathrm{.}2\mathrm{.}2$ Identify a possible supplier risk that Edward's EcoCraft might face. Clearly explain the risk and the possible impact that this risk might have onEdward's EcoCraft. $(5)$Examples con include actual research on current suppliers in SA$.*3\mathrm{.}2\mathrm{.}3$ Identify a possible economic risk that Edward's EcoCraft might face. Clearly explain the risk and the possible impact that this risk might have on Edward's EcoCraft. $(5)$Examples can include actual research on the current economic climate in$*$ South Africa.