Question: Getting a flat tire while you drive your car is a risk. You do not know if you are going to get a flat tire

Getting a flat tire while you drive your car is a risk. You do not know if you are going to get a flat tire or not, but you carry a spare tire in your car in case it happens. What kind of risk response strategy "carrying a spare tire in your car" is? Explain Why? (2 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!