Question

Identify some of the national business risks that would affect risk assessment for all the companies...

Identify some of the national business risks that would affect risk assessment for all the companies in Fiji.

Homework Answers

Answer #1

Some common risk categories are:

  • Natural disasters like eathquake
  • Legal risks of faulty production line leading to mass complaints
  • Global events like tariff war between China and USA
  • Technology currently in use becoming obselete because of advancements leading to fall in prices of competitors and increase capital outlay for new techs for Fiji companies
  • Regulatory and government policy changes like introduction of new taxes
  • property and equipment, such as damage from natural disasters, burst water pipes, robbery and vandalism
  • security, such as theft, fraud, loss of intellectual property, terrorism, extortion and online security and fraud
  • economic and financial, such as global financial events, interest rate increases, cash flow shortages, customers not paying, rapid growth and rising costs
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