Consumer's risk is the probability of:
A) accepting a good lot.
B) rejecting a good lot.
C) rejecting a bad lot.
D) accepting a bad lot.
E) none of these

Name: Consumer's risk is the probability of: A) accepting a good lot. B) rejecting a good lot. C) rejecting a bad lot. D) accepting a bad lot. E) none of these
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Question

Quizplus · Accepted Answer

Consumer's risk refers to the risk of accepting a bad lot, which means the consumer may end up with a defective or low-quality product.

Consumer's Risk Is the Probability Of