ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -SMEs can engage in GVCs by directly exporting an intermediate good or service to an individual or firm overseas, but they can also participate by indirectly exporting; that is, by supplying multinational or other domestic firms with products that are then exported.
Detailed explanation-2: -SMEs are a major source for generating employment, creation of wealth and alleviating poverty from the rural regions in developing countries. Their access to finance is key to the expansion of this sector.
Detailed explanation-3: -SMEs have a propensity to employ more labor-intensive production processes than large enterprises. Consequently, they contribute significantly to the provision of productive employment opportunities, the generation of income and, eventually, the reduction of poverty.
Detailed explanation-4: -Choose the Export. The most common strategy to internationalize a company is undoubtedly the export of goods. Opt for Foreign direct investments (FDI) Adopt a Licensing strategy. Set up a Franchising. Build a Joint venture with a company. 20-Dec-2019