a brand that started selling its products in idaho wanted to begin selling in two other states…

a brand that started selling its products in idaho wanted to begin selling in two other states. unfortunately, the company did not do its research and was quickly shut down in both states, as their processes did not fully stick to the rules and regulations of the new states. which type of risk the company encountered in the given scenario? a strategic risk b operational risk c compliance risk d reputational risk

a brand that started selling its products in idaho wanted to begin selling in two other states. unfortunately, the company did not do its research and was quickly shut down in both states, as their processes did not fully stick to the rules and regulations of the new states. which type of risk the company encountered in the given scenario? a strategic risk b operational risk c compliance risk d reputational risk

Answer

Brief Explanations:

The company failed to adhere to the rules and regulations of new states. Compliance risk refers to the risk of loss resulting from non - compliance with laws, regulations, and rules. Since the company's processes did not stick to new states' regulations, it faced compliance risk.

Answer:

C. compliance risk