5. what is risk management in entrepreneurship?\n a. identifying and developing strategies to mitigate…

5. what is risk management in entrepreneurship?\n a. identifying and developing strategies to mitigate potential risks\n b. avoiding all risks in business\n c. ignoring competition\n d. investing all profits into new ventures

5. what is risk management in entrepreneurship?\n a. identifying and developing strategies to mitigate potential risks\n b. avoiding all risks in business\n c. ignoring competition\n d. investing all profits into new ventures

Answer

Brief Explanations:

Risk management in entrepreneurship involves identifying potential risks and formulating strategies to reduce their impact. Avoiding all risks is impossible, ignoring competition is unwise, and investing all profits into new ventures is not risk - management.

Answer:

A. Identifying and developing strategies to mitigate potential risks