What is defined as the likelihood of disruption that would impact the ability of a company to continuously supply products or services

Supply chain risk

Explanation:

The term supply chain risk is when a company is likely not able to meet up with its supply of goods or products as a result of likelihood of disruptions which would affect such supply.

Ideally, a company should be able to classify risk that can affect her supply chain into internal and external risks.

Internal risk such as mitigation risk and contingency risk , business risk, cultural risk, manufacturing risk etc are those risk which are within the control of a company or an organization, hence provide an avenue for mitigation since they are within the control of the business.

External risk such as supply risk, environmental risk, physical plant risk, demand risk etc are those risk outside the control of a business , hence are driven by the events in the supply chain.

An organization would therefore institute what is called supply chain risk management. The purpose is to take necessary step to mitigate, assess or control the risk inherent in an organization's supply chain.

d, conspicuous consumption is when you try to increase your wealth or social status (and in the case he's trying to create the perception of wealth considering he can't really afford it)

answer; comparing the additional benefits and costs;