What are the possible exposures companies are likely to face and how can they minimise these exposures?

What are the possible exposures companies are likely to face and how can they minimise these exposures?
These are possible exposure:
1.Economic exposure
2.Transaction exposure
3. Translation exposure
please answer the definition of each types of exposure and explain what they do and when is it happened and how to minimize theses exposure(like hedge). Journal Reference is needed. at least 3pages

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