Alistair is in the business of making office products for schools and colleges. Alistair realizes that there are many other firms manufacturing similar products. Why does Alistair require risk management?
A.
to cover his risk of product liability
B.
to cover the risk of stiff competition
C.
to cover expenses of raw material
D.
to cover expenses incurred to maintain their ethical standard
CORRECT ANSWER- to cover the risk of stiff competition