10 Questions
What type of information should be included in the Risk Profile?
Health & Safety likelihood of risk and potential business impact
Which aspect does the Mitigation Strategy focus on?
Minimizing the chances of risk occurring
What is the purpose of outlining the timeline of activities in the Plans for Development?
To guide the implementation process
Which type of costs should be estimated in the Financials section?
Ingredient/material costs
What does the Risk Profile report confidence on?
Level of due diligence
In the Risk Profile, what is mentioned as an important factor to consider if assumptions are wrong?
Potential business impact
What should be included in the Financials section related to costs?
Estimate costs for innovation implementation
What is a key aspect to consider when outlining the timeline of activities in Plans for Development?
Mitigation strategies implementation order
What does the Financials section suggest analyzing through sensitivity analysis?
Impact on CAPEX due to over/underestimation
What should be outlined in the Mitigation Strategy?
Actions to minimize risk occurrence likelihood
Test your knowledge on analyzing customers and market attractiveness. Explore topics such as customer characteristics, market competition, unique selling points, and customer concerns. This quiz is based on the content from Massey University.
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