Question

How does the lack of historical data affect the riskiness of a product design?

a.

It reduces the risk by providing insights into future trends.

b.

It increases the risk by making the future more uncertain.

c.

It has no impact on the riskiness of the product.

d.

It stabilizes the risk by minimizing potential fluctuations.

Answer: (b).It increases the risk by making the future more uncertain. Explanation:The absence of historical data limits the company's ability to identify trends and patterns for future projections. This uncertainty about future outcomes increases the risk associated with the product design.

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Q. How does the lack of historical data affect the riskiness of a product design?

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