Question

Why low risk products and high risks product are both costly? Please explain!! (Engineering ethnics)

Why low risk products and high risks product are both costly?
Please explain!!
(Engineering ethnics)

Homework Answers

Answer #1

Low risk products will be costly for obvious reason that they involve low-risk. Hence, are more reliable, and anyone will be ready to pay even a high cost, if the product gives trusted results.

But even higher risk products are costly, as certain risk involved is necessary. Just like, driving a car. Because, after taking certain calculated risks, the product may result higher than a product which of low-risk and may eventually take over the market because of it's big potential.

Hence, both sorts of products are costly.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Please describe appropriate interventions for low-risk, and high-risk suicidal clients. Why is your intervention appropriate?
Please describe appropriate interventions for low-risk, and high-risk suicidal clients. Why is your intervention appropriate?
Discuss the inherent risk assessment of the following items and explain why the auditor asses these...
Discuss the inherent risk assessment of the following items and explain why the auditor asses these inherent risks as high or low: - Inherent Risk Assessment – Prepaid Expenses   [1.25 marks] - Inherent Risk Assessment – Intangible Assets   [1.25 mark
Explain why all risks cannot be hedged. Give an example of a risk that cannot be...
Explain why all risks cannot be hedged. Give an example of a risk that cannot be hedged.
Explain the difference between systematic and unsystematic risk, and why one of these types of risks...
Explain the difference between systematic and unsystematic risk, and why one of these types of risks is rewarded with a risk premium while the other type is not. Give some examples for systematic and unsystematic risk.
•Calculate the differences in cost and risk. Explain why the costs and risks of external financing...
•Calculate the differences in cost and risk. Explain why the costs and risks of external financing are important for the organization to understand.
Political risk and country risk are examples of the additional risks firms face with direct foreign...
Political risk and country risk are examples of the additional risks firms face with direct foreign investment (DFI). Evaluate the impact of these risks and explain why firms undertake DFI rather than simply export their products. (35marks)
Explain for each of the following risks: Financial Operational Strategic Hazard i) why the risk is...
Explain for each of the following risks: Financial Operational Strategic Hazard i) why the risk is a frequency and/ or severity concern to a College? ii) Best risk treatment technique(s) to address the risk
21. Volume-based (traditional, plant-wide)) cost systems tend to a. Under-cost low-volume products and under-cost high-volume products...
21. Volume-based (traditional, plant-wide)) cost systems tend to a. Under-cost low-volume products and under-cost high-volume products b. Under-cost low-volume products and over-cost high-volume products c. Over-cost low-volume products and under-cost high-volume products. d. Over-cost low-volume products and over-cost high-volume products. 22. Non-value-added activities are: a. also called waste activities b. activities that neither enhance the customer’s image of the product or service nor provide a competitive advantage c. activities that could be reduced or removed from the process with no...
Inorganic CHEM: What is the LFSE for both high and low spin d^7 configurations (octahedral geometry)...
Inorganic CHEM: What is the LFSE for both high and low spin d^7 configurations (octahedral geometry) ? (Please explain how you get your answer)
Explain why the counterfeiting of products is harmful to both consumers and to the legitimate companies...
Explain why the counterfeiting of products is harmful to both consumers and to the legitimate companies whose products are counterfeited