Businesses foster economic development in emerging markets ________.
A) through the mass production of cheap, low-quality goods
B) by using the "cookie cutter" strategy
C) through entrepreneurial activities and modernization projects
D) by implementing cost-effective production methods

Question

Quizplus · Accepted Answer

Entrepreneurial activities and modernization projects are the best way for businesses to foster economic development in emerging markets. This involves investing in local businesses, creating job opportunities, and improving infrastructure to facilitate economic growth. Cheap, low-quality goods and cookie-cutter strategies may provide short-term gains, but they do not promote sustainable economic development in the long term. Implementing cost-effective production methods may be a part of modernization projects, but it is not the sole driver of economic development.

Businesses Foster Economic Development in Emerging Markets ________