Which of the following business risks would an insurance firm not cover for an entrepreneur?...
COMMERCE
WAEC 2021
Which of the following business risks would an insurance firm not cover for an entrepreneur?
- A. Theft
- B. Fire
- C. Loss of goods in transit
- D. Change in consumers' taste
Correct Answer: D. Change in consumers' taste
Explanation
The change in consumers' taste is not a risk covered by any insurance policy as this is a dynamic and uncontrollable problem that can not be indemnified
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