Designing and distributing a new product is a pure risk because there is the possibility of either a gain or a loss.

Name: Designing and distributing a new product is a pure risk because there is the possibility of either a gain or a loss.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Designing and distributing a new product is considered speculative risk, not pure risk, because it involves the possibility of either gain or loss. Pure risk only involves scenarios where there is a possibility of loss or no loss, with no opportunity for gain.

Designing and Distributing a New Product Is a Pure Risk