There are three basic risk mitigation methods employed by on

There are three basic risk mitigation methods employed by online companies. Acceptance, limitation and transference all find backers. What method do you lean towards and why?

Solution

The best method in risk mitigation is Risk limitation. This is due to following reason

Risk Acceptance - Risk acceptance do not have any effect but still it act as a strategy. It is uesd only when company do not want to spend lot of money to avoid risk as it do not have high probability of occuring risk

Risk transference - Risk transfer is something that the company wants to share risk with other. Hence both the parties are involved in handling risk. It inccur high cost

Risk limitation - it is best to use this strategy because here company takes some preventive method to reduce risk. It is the strategy of using a bit of risk acceptance or risk avoidance or both.

Hence The online companies should use risk limitation to reduce risk.