Risk associated with the time required to search for the product and the time necessary for the product to be serviced or maintained is known as _____.
A) financial risk
B) physical risk
C) long-term risk
D) time risk
E) social risk

Question

Quizplus · Accepted Answer

Time risk refers to the risk associated with the time required to search for the product and the time necessary for the product to be serviced or maintained. Financial risk refers to the risk of losing money on a purchase, physical risk refers to the risk of harm or injury, long-term risk refers to the risk of the product becoming obsolete or no longer useful, and social risk refers to the risk of negative social consequences or judgments.

Risk Associated with the Time Required to Search for the Product