
To explain: The types of design changes of packages that might be envisioned in the future to assist reduce the amount of waste that is created.
Case summary: In the given case, country C cuts off global recycling as the country brought full ships of country U’s used goods which can be recycled return back to home country to booming its recycling industry. The manufacturers of country C gobbled up the recycled metals, glass, paper, etc. in the need of raw material but corruption and environmental issues led the government to close the doors to the world’s scrap beginning in the country. Countries C and H bought more than fifty percent of the plastic waste in the first six months but in the last six months, they only took about ten percent. But country C was continuously accepting cardboard, plastic, glass, and metal scraps. But instead of plastic water bottles, the country wanted plastic pellets to make packaging, toys, and other goods. and, the recyclable scrap became the biggest export to country C.

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Chapter 4 Solutions
EBK OPERATIONS MANAGEMENT
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- 1. Define risk management and explain its importance in a small business. 2. Describe three types of risks commonly faced by entrepreneurs. 3. Explain the purpose of a risk register. 4. List and briefly describe four risk response strategies. (5 marks) (6 marks) (4 marks) (8 marks) 5. Explain how social media can pose a risk to small businesses. (5 marks) 6. Identify and describe any four hazard-based risks. (8 marks) 7. Mention four early warning indicators that a business may be at risk. (4 marks)arrow_forwardState whether each of the following statements is TRUE or FALSE. 1. Risk management involves identifying, analysing, and mitigating risks. 2. Hazard risks include interest rate fluctuations. 3. Entrepreneurs should avoid all forms of risks. 4. SWOT analysis is a tool for risk identification. 5. Scenario building helps visualise risk responses. 6. Risk appetite defines how much risk an organisation is willing to accept. 7. Diversification is a risk reduction strategy. 8. A risk management framework must align with business goals. 9. Political risk is only relevant in unstable countries. 10. All risks can be eliminated through insurance.arrow_forward9. A hazard-based risk includes A. Political instability B. Ergonomic issues C. Market demand D. Taxation changesarrow_forward
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