Concept:Insurance covers pure risks involving accidental loss, not dynamic business risks like market changes.
Explanation:Theft, fire, and loss of goods in transit are insurable risks because they involve definite accidental damage or loss.
Change in consumers' taste is an uncertain market trend, not an accidental event.
No insurance company can indemnify an entrepreneur for loss of demand due to changing preferences.
Therefore, this risk is outside the scope of insurance cover.
Answer:D. Change in consumers' taste