You are a small business owner and you recently opened a restaurant in a newly renovated area of your hometown. One of your co-owners recently asked you what your risk mitigation plan was and you didn’t have an answer so you did some research on the subject.
Answer the following questions in a 200- to 350-word response:
- 1.What is a risk mitigation plan?
- 2.In the restaurant industry, what are some of the areas of concern?
- 3.How might this be different for another type of small business?
These question are based onThe Legal and Regulatory Environment of Business. Contractual Performance and Agency AndContract Formation1.Do you think that most people realize that when the make a…