Applying ISO 31000; which of the following is part of the external context for risk...

ISO 31000 Context:ISO 31000 provides guidelines on risk management, emphasizing the importance of understanding the external context.

External Context:This includes external factors such as regulatory and competitive environments that can impact the organization’s risk profile.

Regulatory Environment:Understanding regulations helps the organization ensure compliance and avoid legal risks.

Competitive Environment:Analyzing the competitive environment allows the organization to anticipate market changes and manage competitive risks.

References:

ISO 31000 Risk Management Guidelines.