Question: Although firms cannot stop external events from happening, they can control their preparations for them, and any losses by mitigating actions during such external events.

Although firms cannot stop external events from happening, they can control their preparations for them, and any losses by mitigating actions during such external events. Using relevant theory and examples comment on this statement

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The statement highlights the importance of risk management and preparedness for external events that can impact a firms operations While firms cannot control external events such as economic downturns ... View full answer

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