Identify risk management. Notice that there are specific strategies that a majority of companies employ in...

Identify risk management. Notice that there are specific strategies that a majority of companies employ in order to mitigate risk and address risk as it happens

Please identify Amazons

Expert Solution

Risk refers to the situation or the possibility of occurrence of an unexpected event. There are several risks that a business will have to undertake to carry out its business operations smoothly. However, companies keep specific strategies in mind to reduce the effect of a risk and mitigate loss incurred. The company 'Amazon' is the leading e-commerce company in the world. They also have to face several kinds of risk like transaction risk. Amazon has customers from all-around the world. They rely on Amazon for its variety of products as well as services. It therefore becomes the responsibility of the company to ensure that the transactions of the customers are kept safe. In order to do this, the company has established a Transaction Risk Management System. The aim of the software is to ensure that there are no fraudulent transactions and the financial information of the customers is kept confidential. This way Amazon tries to mitigate its risk.

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