When a business is unable to fight back against its competitors effectively, then a strategic risk has been encountered.
What is a strategic risk?
This refers to the risk that the strategies of a business will not allow it to be competitive in the market.
When competitors come up with new processes and a business is unable to match them, this is therefore strategic risk.
Find out more on types of risk at https://brainly.com/question/21383821.
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