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.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
A number of studies have shown how they also increase the consumer's risk of heart disease,according to the Liverpool Echo.
A credit bureau makes the lending market safer, more transparent and more liquid by giving banks and other providers of credit, such as retailers, an accurate view of a consumer's risk profile and credit situation, and by protecting consumers from overburdening themselves with debt.
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.
For example, the consumer's risk perception can directly influence attitude about, and intention toward, additional consumption behavior (Chen, 2009).
If the goal is to prevent all potential injuries and to avoid all "consumer's risk" then the sign won't work.
GCF can provide customers with an On Demand Cloud-Based storage solution protected by the highest level of data encryption and protecting the consumer's risk of cyber attacks and stolen data.
This paper examines the relationship between consumer's risk perception and the addiction process.
Meanwhile, they say, it pushes insurance underwriting ever further from factors that point directly to a consumer's risk of loss.
On the part of the EU, the Commission's Regulation on the sampling plan is intended to minimise the consumer's risk, without rendering trade impossible or causing enormous costs for wholesalers and traders.
In such a situation, the consumer's risk assessment will depend on who it is that he is most willing to believe.
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