Company follows these suggestions what risk response

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company follows these suggestions, what risk response mode is it adopting: retention/assumption, risk sharing, risk transfer, prevention/avoidance or contingency? The action plans proposed by Engineering are a part of a contingency plan. They are aware that a risk event might happen in the future and this might be a way to confront them. They are proposing to hire, train and educate staff so that if there is a risk event they could all be capable enough to find a way out of it by doing research and development and coming out with newer and better technologies or processes. There is idea is to invest in the future of Lexington which will help them cope with a risk event as well as add to the growth of the company. Co-developing with other companies or partners and licensing technologies from others may also fall under risk sharing to some extent. On the other hand outsourcing can fall under prevention/avoidance, because it will cut cost for both current and future products. Overall I think these actions are a part of a contingency plan 5. Would you sign with marketing or engineering? What should Lexington do at this point? Marketing is just letting us know the consequences of what might happen in case of a risk whereas Engineering is showing us a way on how to be better prepared if indeed any risk event happens. Both of their inputs are
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