Some global firms have recognized that if individuals in developing countries are provided small amounts of collateral-free capital, they can, in turn, grow successful local businesses, which may include selling products of the donating firm. These
Global firms have recognized which important concept?
A)micro-loan
B)women-driven entrepreneurship
C)micro-entrepreneurship
D)microfinancing

Question

Quizplus · Accepted Answer

The concept described in the passage is microfinancing, which refers to providing small amounts of collateral-free capital to individuals in developing countries to help them start or grow businesses.

Some Global Firms Have Recognized That If Individuals in Developing