if anyone can answer me what is the concept of risk management?

Answer 1

Risk management is the method of assessing risk and finding methods to reduce it in you business activities. This include assessing Market risk, Operational risk, Financial risk and any other risk you can think of in any particula business you are in risks those are consequential to any particular business. I shall explain the first one the others are too involved since you might need an MBA education to explain everything. Market risk is assessing your potential market how many potential customers you can hope to get when you do business and how much inevestment is less risky considering the potiential market.

Answer 2

Risk Management assumes that nothing you do is 100% risk-free. Everything that you do comes with some risk. The key is to manage that risk by calculating exactly what the risk factors are, what it is that you want to do, and determining whether the action you want to perform is worth the potential risk.

Answer 3

Risk management is the allocation or diversification of an investment enough to prevent market risk. Risk management essentially minimizes both risk and costs.

Answer 4

are you taking event management?

risk management is imagining the worst that will happen in the

event and how to avoid it

main point is avoiding risk