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In business, Risk Management involves identifying potential risks to the business before problems occur and preparing ways to mitigate any resulting issues that could occur.

In business, Risk Management involves identifying potential risks to the business before problems occur and preparing ways to mitigate any resulting issues that could occur. During the course of business planning, and for the life of the business, a risk management strategy is created for this purpose. List and describe four risk factors in business. Explain the purpose and key points for consideration when conducting a Business Impact Analysis (BIA).

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