Jim and Paula Franklin Started a Dry Cleaning Business

question 56

Multiple Choice

Jim and Paula Franklin started a dry cleaning business.The business may be successful or it may fail.The type of risk that is present when either a profit or loss could occur is called

• A)pure risk.
• B)subjective risk.
• C)nondiversifiable risk.
• D)speculative risk.

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Definitions:

Features And Benefits

Explanation highlighting product or service attributes (features) and how they fulfill users' needs or desires (benefits).

Psychological Need

An intrinsic motive or desire that drives individuals to pursue goals or activities that fulfill emotional or mental requirements.

Comfort Or Luxury

Products or services designed to provide an enhanced level of ease, well-being, or indulgence beyond basic necessities.

Self-preservation

The instinctual behavior to protect oneself from harm or danger.