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Radi owns Chimney Restore Ltd, a company he set up in 2018 - OCR - GCSE Business - Question 14 - 2019 - Paper 1
Question 14
Radi owns Chimney Restore Ltd, a company he set up in 2018. The company has grown rapidly and now employs 12 workers. However, Radi is becoming increasingly concerne... show full transcript
Worked Solution & Example Answer:Radi owns Chimney Restore Ltd, a company he set up in 2018 - OCR - GCSE Business - Question 14 - 2019 - Paper 1
Step 1
B. Carefully planning all business activity
Answer
Planning all business activities carefully helps to mitigate risk by ensuring that every aspect of the business is considered and addressed. This includes risk assessments, financial planning, and operational strategies, which contribute to a more stable business environment. By proactively identifying potential problems and developing strategies to handle them, Radi can reduce uncertainties that arise from rapid growth.