$$ In response, comment on whether you agree or do not agree with the identified risks and plans for mitigation or avoidance.

When analyzing Case Example $1$ in the textbook, several potential risks could negatively impact the purchase of the desired car for Bill and Sheila's daughter.

$1.$ Limited availability of the desired car: The example mentions that there is only one Toyota Prius available at the dealership, and other dealerships do not have any on their lots at the moment. This poses a risk of not being able to purchase the desired car if it is not readily available.

$2.$ Pressure from the salesman: The salesman at the dealership tries to create a sense of urgency by stating that the Prius is in high demand and that they need to make a decision immediately if they want to secure the car without waiting. This pressure could influence their decision$-$making process and potentially lead to an impulsive purchase.

$3.$ Lack of trade$-$in: Bill and Sheila do not have a trade$-$in vehicle, which could affect their ability to negotiate a better deal or reduce the overall cost of the new car.

$4.$ Insufficient research on hybrid cars: While Bill did some research on hybrid cars, it is unclear if they have thoroughly explored all the pros and cons of owning a hybrid vehicle. This lack of comprehensive understanding may result in unexpected issues or dissatisfaction after the purchase.

To mitigate or avoid these risks, Bill and Sheila can consider researching and planning before visiting dealerships, they should conduct thorough research on the availability, pricing, and features of the desired car. This will help them make an informed decision and avoid being swayed by sales tactics. Bill and Sheila should consider visiting other dealerships to explore different options and compare prices. This will allow them to have a broader selection and potentially negotiate better deals. Bill and Sheila should also establish clear criteria for their purchase decision, including factors such as safety, reliability, value, and long$-$term cost considerations. This will help them prioritize their requirements and make a more objective decision.