BUSINESS IN ACTION BUNDLE
BUSINESS IN ACTION BUNDLE
9th Edition
ISBN: 9780137423910
Author: BOVEE
Publisher: PEARSON
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Chapter B, Problem 1QR
Summary Introduction

To discuss:  The difference among the speculative risk and pure risk.

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Explanation of Solution

Speculative risk denotes the exposures, which provides the prospect of gain or loss like spending fund either to invest in stock or to develop new products. On the other hand, pure risk is the risk of loss without the possibility of profit.

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