Consumers Risk Notes: Definitions & Explanations PDF | Download eBooks
Study Consumers Risk lecture notes PDF with supply chain management definitions and explanation to study “What is Consumers Risk?”. Study consumers risk explanation with SCM terms to review supply chain management course for online MBA programs.
Consumers Risk Definition:
Mistake of a customer's acceptance of a bad lot overlooked through sampling.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Consumers Risk Notes:
Potential risk that is found in all consumer oriented services and products. This is done when the product does not meet the quality standards and the quality control approach is not able to detect the defects. Then the product is entering in the market and consumers show dissatisfaction.
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