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.

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