Considering how external parties competitors and customers

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Question

Stephanie Toms, an independent insurance agent, is assisting a manufacturing company client in expanding its traditional risk management program to consider enterprise risk. The enterprise risk management approach requires the manufacturing company to look beyond its own operational and production capabilities. In the expanded risk management focus, the client considers how its competitors and customers will impact the client's operations in the future. Considering how external parties competitors and customers- will affect the client's operations has which of the following advantages for the client?

Reference no: EM133535341

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