Question

The _____ risk has been encountered if a business has no answer to fight back against its competition.


financial

operational

compliance

strategic

Answer 1

When a business is unable to fight back against its competitors effectively, then a strategic risk has been encountered.

What is a strategic risk?

This refers to the risk that the strategies of a business will not allow it to be competitive in the market.

When competitors come up with new processes and a business is unable to match them, this is therefore strategic risk.

Find out more on types of risk at https://brainly.com/question/21383821.

#SPJ2