Your question is Bug Triage and Prioritization. Take a moment with it on the right.
Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).
Explain how you manage and prioritize bug reports.
Address how you assess severity, impact, reproducibility, customer exposure, and release risk. Explain how you coordinate with developers, product managers, support, and other stakeholders, and how you ensure fixes are verified, communicated, and prevented from recurring.