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Microfinance emerged in response to the lack of financing for entrepreneurial opportunitie

Microfinance emerged in response to the lack of financing for entrepreneurial opportunities in many developing countries.

 

 

22.Entrepreneurial opportunities exist to lower transaction costs and bring distant groups of people, firms, and countries together.

 

 

23.Foreign direct investment is the only way in which SMEs can enter foreign markets.

 

 

24.Domestic transaction costs are qualitatively higher than international transaction costs.

 

 

25.Direct exports are the sale of products made through export intermediaries.

 

 

26.A letter of credit increases transaction costs by increasing transaction risks.

 

 

27.Licensing is mostly used in the service industries.

 

 

28.Franchising is typically used in manufacturing industries.

 

 

29.Franchising is a type of internationalizing business model.

 

 

30.Foreign firms interested in becoming licensees or franchisees have to put their own capital up front.

 

 

 

Dec 08 2019 Read more Less More

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