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Sagot :
Buying a new car is not an example of a risk management strategy.
What do you mean by risk management strategy?
A risk management strategy is a systematic and consistent approach to identifying, assessing, and managing risk.
Travel insurance is an example of this. We do not accept the risks of a lost suitcase or an accident abroad, as well as the associated costs; instead, we pay a travel insurance company, so that they bear the financial consequences.
Thus, Buying a new car is not an example of a risk management strategy.
learn more about risk management strategy refer:
https://brainly.com/question/14455706
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