1. Research: As a group select a small existing business venture and do your research on the following:

a) Provide a brief business background information.

b) Identify and describe five (5) risks that are involved in this business venture.

c) Identify and describe how these risks identified in part (b) could be reduced or eliminated.

d) Are there other strategies that could be employed such as risk transfer or risk assumption? If so, why and if not, why not?