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A company is considering producing some new Gameboy electronic games.Based on past records, management believes that there is a 70 percent chance that each of these will be successful and a 30 percent chance of failure.Market research may be used to revise these probabilities.In the past, the successful products were predicted to be successful based on market research 90 percent of the time.However, for products that failed, the market research predicted these would be successes 20 percent of the time.If market research is performed for a new product, what is the probability that the results indicate an unsuccessful market for the product and the product is actually successful?
Workplace Injury
Any health or physical harm that occurs to an individual as a result of their job activities or conditions in their place of employment.
Product Crises
refer to situations where products are found to be harmful or defective, leading to public backlash, legal actions, and a need for crisis management from the company.
Litigation Crises
Situations where an organization faces significant legal challenges that can impact its reputation and financial stability.
Crisis Impact
The effect or aftermath of a significant adverse event, often challenging the stability, reputation, or operations of an entity.
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