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?

Question

Quizplus · Accepted Answer

The concept being recognized by these global firms is microfinancing, which refers to providing small amounts of collateral-free capital to individuals in developing countries to help them start or grow successful local businesses. This can have a positive impact on the local economy and may involve selling products of the donating firm.

Some Global Firms Have Recognized That If Individuals in Developing