Question: For each industry, identify one important risk faced by the companies that compete within that industry. Also, describe one control that companies could use to
For each industry, identify one important risk faced by the companies that compete within that industry. Also, describe one control that companies could use to reduce the risk that you have identified.
tableIndustryType of Risk,Light rail transit,A train might have a mechanical failure.,Beer and alcohol,tableCustomers may respond negatively to ad campaignsperceived to promote irresponsible drinkingtableDevelop an intensive testing program for all newenhancements that could have safety implicationsNewspaperArticles may include inaccurate information,Implement a review process to factcheck article content.Sports and entertainment,Fake tickets may be used to attempt entry to events,Implement a barcode system to use on tickets for all eventsSolar energy,tableA failure of technological enhancements such as tractioncontrol could cause injuries to customersImplement a preventive maintenance programSoftware as a service,tableThe company's website might be hacked resulting inunauthorized access to customer datatableDevelop firewalls and other security protocols to reduce thethreat of hackingMotorcyclestableA shortage of inventory at a key supplier of components couldinterrupt productionIdentify more than one supplier for key components
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