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Risk Factors - Coggle Diagram
Risk Factors
Costs of materials change
Stock remaining in storage
Starting development before enough research is carried out
A feature of the hat not working e.g the fastening
Production starting late
errors being made in production (E.g. loose stitching)
Customers needs change
Competitors release similar product
Project costs (Research and development) goes over budget
Delivery issues into stores
Tax increases on importing materials
Suppliers of materials can not supply
Don't have the technology to product the design
Law changes
Fixed costs changing
Unsold Stock
Celebrity Endorsement = bad media attention
Marketing strategy incorrect
Wrong selling price
Market Research is inaccurate