Which of the following actions is an example of risk mitigation?

1.A pharmaceutical company decides to create a joint venture with a partner to launch a risky product.

2.A pharmaceutical company increases the percentage of its R&D spending dedicated to highrisk products.

3.A pharmaceutical company invests in a stateoftheart research facility and increases R&D staff by 30%.

4.A pharmaceutical company decides to stop performing research for new products and will instead focus on selling generic products.