=A well-established Bed & Breakfast situated in Cobourg Ontario is for sale. The owners have been in business for over 30 years. They have a healthy returning clientele, year to year, but have not worked to increase their business, including doing any renovations or upgrades to the establishment.

-A franchise opportunity to open a Pita Pit has become available. The location is a prime area of downtown Cobourg,

on a main street and close to a high school. Head office will provide comprehensive training on the business.

please answer the following questions: (Please provide examples, samples and clear

references when you are doing the research on these questions)

Given the assessment of each possible business opportunity, which one has the least amount of risk? Which opportunity would you take, and why? Did the risk assessment sway your decision?

Why is it often important to use graphical representations when communicating risks to your stakeholders?