Question $15$

$3\mathrm{.}33$ pts

What would be the best risk strategy for managing or mitigating a risk that has a high likelihood of occurring but only a low to medium business impact if it did occur?

Minimize the risk by building up inventory, creating redundancy in the supply base, enhancing flexibility, etc.

Attempt to avoid the risk by redesigning the supply chain network to avoid the region or supplier, move manufacturing to another area, etc.

Accept the risk as a cost of doing business and continue operating as usual

Transfer the risk to an outsourced provider