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.
References in periodicals archive ?
This designation also assists marketers in acquiring new customers by reducing some of the consumer's risk associated with selecting a new supplier.
Disclose a consumer's risk score, along with an explanation of risk scores, beginning one year from the date of the agreement.
This is an area of keen focus, as the ability to more accurately identify each consumer's risk will help bankcard issuers grow their card portfolios responsibly.
Without doubt, the issuance of a card that does not require a PIN increases the consumer's risk.
According to the Tennessee document, insurance-licensed advisors may discuss a consumer's risk tolerance, financial situation and needs, as well as general trends in the stock market, including market risks and recent or historic economic activity.
Unfortunately, 'jailbreaking,' or other modifications to a wireless phone's operating system, increases a consumer's risk for malware, spyware and other vulnerabilities.
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