Question

Give an explicit example of each of the following: (a) Any professional boady (b) pure business risk (c) Entrepot trade.​

Answer 1

Answer:

(b) pure business risk :- pure risk also called absolute risk, is a category of threat that is beyond human control and has only one possible outcome if it occurs loss.

# pure risk includes such incidents as natural disasters, fire or untimely death.

(c) Entrepot trade :- In simple terms, it can be said that if goods are imported from one country with the purpose of re-exporting to another, it is called Entrepot trade.

# for example - if an Indian company imports rubber from Thailand and exports it to Japan then it is called Entrepot trade.