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Flashcards in CH 2 Deck (7)
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1
Q

quantitative research

A

answers to questions when those answers need to be expressed in statistical or numerical form

2
Q

qualitative research

A

answers to questions that don’t demand a quantified answer

3
Q

financial risk

A

interest rates
foreign exchange
credit

4
Q

strategic risks

A

competition
customer changes
industry changes
customer demand

5
Q

operational risks

A

regulation
culture
board composition

6
Q

hazard risks

A

contracts
natural events
suppliers
environment

7
Q

3 key questions in preliminary

A

1) what are the major opportunities and issues the business faces?
2) what prevents the business capitalizing on the opportunity or dealing with the issues?
3) how can the consultants service help the business overcome this block ?