(b) Using the TARA framework, construct four possible strategies for managing the risk pre

(b) Using the TARA framework, construct four possible strategies for managing the risk presented by Product 2.

Your answer should describe each strategy and explain how each might be applied in the case.

(10 marks)

(b) Risk management strategies and Chen ProductsRisk transference strategyThis would involve the company accepting a portion of the risk and seeking to transfer a part to a third party. Although anunlikely possibility given the state of existing claims, i