what is speculation. explain it.. for 5 marks
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"Betting" the market will move in one direction
Retailers buy product on a fixed price but charge market-based prices to their consumers
Speculation increases risk and creates uncertainty on retail margins
Can literally put you out of business
Retailers buy product on a fixed price but charge market-based prices to their consumers
Speculation increases risk and creates uncertainty on retail margins
Can literally put you out of business
Answered by
0
Answer:
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