ENTREPRENEURIAL OPPORTUNITIES
COMPETITIVE ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Fair trade is a policy encouraged by public organizations to ensure that small producers in developing nations earn sufficient profit on their exported goods to improve their working, environmental, and social conditions.
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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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Explanation:
Detailed explanation-1: -Fair trade is a movement that believes it is unethical to pay producers in developing countries the market price if that price is too low to provide a sufficient quality of living. Instead, certain importers agree to pay producers in the developing world at least a minimum price for their goods.
Detailed explanation-2: -Fairtrade believes the best way to eliminate poverty is to pay farmers a fair price for their produce and workers a fair wage for their labour. We put fair prices first because farmers and workers in developing countries deserve a decent income and decent work.
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