Final answer:
Risk Management is used by firms to avoid external issues while seizing growth opportunities.
Step-by-step explanation:
The option that is used to allow firms to avoid external issues while seizing opportunities for growth is Risk Management. Risk management involves identifying potential risks and implementing strategies to mitigate them. For example, a firm may implement risk management practices such as diversifying its product portfolio, purchasing insurance, or hedging against currency fluctuations to minimize the impact of external events on its operations.