Q14. Changes in market conditions, changes in price or changes in fashion and tastes of customers refer to which type of risk?
(a) Pure risk
(b) High Risk
(c) Low Risk
(d) Speculative Risk
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Speculative risks arise due to changes in market conditions including fluctuations in demand and supply, changes in prices or changes in fashion and tastes of customers. ... The chance of fire, theft or strike is example of pure risks.
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Answer:
D is the answer
Explanation:
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