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consumer's risk |
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consumer's risk [kən′süm·ərz ′risk] (industrial engineering) The probability that a lot whose quality equals the poorest quality that a consumer is willing to tolerate in an individual lot will be accepted by a sampling plan. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Meanwhile, they say, it pushes insurance underwriting ever further from factors that point directly to a consumer's risk of loss. Without doubt, the issuance of a card that does not require a PIN increases the consumer's risk. However, except in the case where the consumer's risk preferences have the attribute of constant absolute risk aversion, the increase in income also causes a rotation of the demand curve. |
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