Risk management is an important function of a firm. First, name at least three types of risk a manager may have to minimize. Then discuss the strategy to minimize one of these risks for profit maximization.Risk management is an important function of a firm. First, name at least three types of risk a manager may have to minimize. Then discuss the strategy to minimize one of these risks for profit maximization.Risk management is an important function of a firm. First, name at least three types of risk a manager may have to minimize. Then discuss the strategy to minimize one of these risks for profit maximization.