When dealing with low severity risks it can be deemed worthy to accept the risk. By using the strategy of risk acceptance you can anticipate or adjust for greater profit margins and this should cover for the risks. Because the risks taken in this case are minor, the adjustments needed will also be non-consequential. However, if the severity of the risk is high, the strategy, transfer of risk, should be implemented. By anticipating for severe risks, the company can buy insurance on the product. This will ensure that if their product causes heavy financial burden on the company, they will be compensated. Risk mitigation does not do much to reduce the severity of the risk. If the risks are consequential, trying to limit its negative effect will only do so much. Rather at times if the risk is so great, no form of mitigation will do any good.