Identify the type of risk faced by the businessman in the following cases

CBSE Class 11 CBSE Class 11 Business Studies
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1

Identify the type of risk faced by the businessman in the following cases.
(a) Shortage of raw-material
(b) Loss property due to earthquake
© Stoppage of work due to strike
(d) Entry of a new competitor in the market.

2

(a) Pure risk
(b) Pure risk
© Pure risk
(d) Speculative risk