risk identification process$1.$ Risk $1$: Food Safety and QualityFIRM Classification: Operational Risk Item Safety Root Cause Analysis:Why $1$: Why is there a hazard of food safety and quality issues?Why $2$: Why is there a need of legitimate preparing and adherence to food safety protocols?Why $3$: Why are the preparing programs and supervision inadequate? Why $4$: Why are assets inadequately for preparing and supervision?Why$5$: Why is the budget allotment limited for preparing and supervision activities?Mitigation Measures: $-$ Create and implement comprehensive preparing programs on food safety and quality for all employees..$2.$ Risk $2$: Supply Chain DisruptionsFIRM Classification: External Risk Root Cause Analysis:Why $1$: Why are there potential supply chain disruptions?Why $2$: Why are we dependent on a limited number of suppliers?Why $3$: Why is there a need of broadening in the provider base?Why $4$: Why are there constrained efforts to identify and onboard alternative suppliers?Why $5$: Why are there deficiently assets and time apportioned for supplier evaluation and onboarding?Mitigation Measures:Create a technique to differentiate the provider base and set up connections with elective suppliers. $3$ Risk $3$: Changing Customer Preferences and TrendsFIRM Classification: Strategic Risk $-$ Market DemandRoot Cause Analysis:Why $1$: Why is there a risk of not adjusting to changing customer preferences?Why $2$: Why is there constrained market investigating and understanding of shopper trends?Why $3$: Why is there deficiently speculation in market investigate activities?Why $4$: Why is the budget assignment constrained for showcase research?Why $5$: Why is there a need of mindfulness approximately the significance of remaining upgraded on buyer preferences?Mitigation Measures:$-$ Increment investment in market research to assemble bits of knowledge on changing customer preferences.$-$ Set up a committed advertise inquire about group or outsource showcase investigate activities.$4$ Risk $4$: Administrative ComplianceFIRM Classification: Compliance Risk $-$ Legal and Regulatory Root Cause Analysis:Why $1$: Why is there a risk of non$-$compliance with food regulations?Why $2$: Why is there lacking information and understanding of administrative requirements?Why $3$: Why are there constrained preparing and awareness programs on nourishment regulations? $-.$Why $4$: Why are there inadequately assets allocated for preparing and awareness initiatives?Why $5$: Why is there a need of prioritization and awareness almost the potential results of non$-$compliance?Mitigation Measures: $-$ Create comprehensive preparing programs on food directions for employees at all levels.$-$ Allocate assets for customary preparing and mindfulness activities on administrative compliance.$$Conduct a risk analysis process for the $4$ identified risks to determine the level of Risk. In this part, you must first define your risk criteria by developing and including Consequence descriptor, Likelihood descriptor and rating matrix that will be used for risk analysis process. $($Please include explanatory written paragraphs, tables and graphs$).$