Consumer's risk
= Consumer's risk
{wiki=Consumer's_risk}
Consumer's risk, also known as Type II error in the context of decision-making and statistics, refers to the probability that a consumer will incorrectly accept a product as being of acceptable quality when it is, in fact, defective or does not meet the required standards. In simpler terms, it is the risk that a consumer purchases a product believing it to be good, but it turns out to be faulty or not satisfactory.