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Entrepreneurial Risk
Term | Definition |
---|---|
Risk | Possibility of damage, injury or loss. |
Markets | Risks all businesses face like competition, price, changes, and style. |
Accidents | Cost money and may cause a business to fail. It is bad events. |
Speculative Risk | The uncertainty of a gain or loss. |
Pure Risk | Uncertainty of of an unpredictable event that will result in loss. It is always a loss like natural events or death. |