Task $1$

For each strategy in column A below, choose the recognized risk from the option list provided in column B$.$ Each choice may be used once, more than once, or not at all.

A B

$1$

Strategy

Risk

$2$ Sourcing new production inputs

$3$ Seeking new markets

$4$ Diversifying product offerings

$5$ Innovating to develop product offerings

$6$ Cost$-$cutting initiatives

$7$ Offshore production to cheaper locales

$8$ Undertaking productivity improvements

Task $2$

Select from the option list provided in column B the best mitigation strategy for each risk in Column A below. Each choice may be used once, more than once, or not at all.

A B

$1$

Risk

Mitigation

$2$ Supply chain disruption and pricing fluctuation

$3$ Unknown environments, new competitors, and compliance with regulations

$4$ Increased complexity of accounting and purchasing

$5$ Market reaction and unforeseen costs

$6$ Potential effects on quality and customer satisfaction

$7$ Geographical factors and cultural differences

$8$ Employee confusion over changed processes