While companies may not be able to completely avoid business risk, they can take steps to mitigate its impact, including the development of a strategic risk plan. Xiaojie Liu / Investopedia When a ...

However, business forecasting is vital for businesses because it allows them to plan production, financing, and other strategies. However, there are three problems with relying on forecasts ...

A plan involving suitable backups ... Contingency plans are part of business continuity planning. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction requires permission.