Economics B A-Level
Risk management
What Risk management means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Risk management
Check what you remember
Read the wording for your board, then hide it and explain Risk management in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Using foresight from projections to minimise the risk of insolvency or defaulting on supplier payments by arranging credit in advance.
Topics that use Risk management
- Business survival and cash flow (Pearson Edexcel A-Level)
Related terms
Using Risk management in the exam
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