Customer Analysis & Market Assessment Quiz
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Questions and Answers

What type of information should be included in the Risk Profile?

  • Health & Safety likelihood of risk and potential business impact (correct)
  • Operating costs and financial projections
  • Procurement costs and development timeline
  • Market size and manufacturing costs
  • Which aspect does the Mitigation Strategy focus on?

  • Financial projections
  • Sensitivity analysis
  • Minimizing the chances of risk occurring (correct)
  • Market trends
  • What is the purpose of outlining the timeline of activities in the Plans for Development?

  • To conduct due diligence
  • To guide the implementation process (correct)
  • To estimate market size
  • To analyze the ingredient/material costs
  • Which type of costs should be estimated in the Financials section?

    <p>Ingredient/material costs</p> Signup and view all the answers

    What does the Risk Profile report confidence on?

    <p>Level of due diligence</p> Signup and view all the answers

    In the Risk Profile, what is mentioned as an important factor to consider if assumptions are wrong?

    <p>Potential business impact</p> Signup and view all the answers

    What should be included in the Financials section related to costs?

    <p>Estimate costs for innovation implementation</p> Signup and view all the answers

    What is a key aspect to consider when outlining the timeline of activities in Plans for Development?

    <p>Mitigation strategies implementation order</p> Signup and view all the answers

    What does the Financials section suggest analyzing through sensitivity analysis?

    <p>Impact on CAPEX due to over/underestimation</p> Signup and view all the answers

    What should be outlined in the Mitigation Strategy?

    <p>Actions to minimize risk occurrence likelihood</p> Signup and view all the answers

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