Question

Whst do you meqn by producer risk in production management

Answer 1

Producer's risk. Producer's risk is the probability that a good product will be rejected as a bad product by the consumer. Or rejecting the lot of satisfactory quality is a risk faced by any producer, the probability of rejecting a lot under the sampling inspection plan is called Producer's risk.

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Answer 2

Any risk arising on chances of a government failing to make debt repayments or not honouring a loan agreement is a sovereign risk.