Product innovation and plant location are the principal variables that companies may change to manage the risk with respect to

Question

Quizplus · Accepted Answer

By innovating their products and changing the location of their plant, companies can better manage the risk associated with production management, such as ensuring efficient production processes or avoiding potential supply chain disruptions. Product retirement, market selection, and product pricing are separate factors that may be affected by, but are not directly related to, product innovation or plant location.

Product Innovation and Plant Location Are the Principal Variables That