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Question 3 Many believe that few business owners or managers are challenging what is in their operational plans. They overlook assumptions made when assessing the

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Question 3 Many believe that few business owners or managers are challenging what is in their operational plans. They overlook assumptions made when assessing the impact of risks. If these assumptions prove inaccurate, the damage to the business will be great, particularly if strategies to limit the consequences of risk are not included as part of the operational plan. Comment on the truth of this statement. Explain the importance of risk assessment and analysis in the operational planning process. Include two examples of potential risk in the establishment of the fresh baitlfast food business in the case study and how these risks might be minimised. (250 words)

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