You have an idea to provide a grocery home-delivery service in the developing country of Mongolia. What role would corruption play in the success of your business?

Question

Quizplus · Accepted Answer

Corruption is a major problem in Mongolia and can greatly affect the success of a business. Bribes may be necessary to get licenses or permits, and this can increase the cost of doing business. Additionally, if your business is successful, corrupt officials may try to extort money from you or threaten to shut down your operation if you do not comply with their demands. This uncertainty and risk can discourage potential investors from starting or expanding their businesses in Mongolia.

You Have an Idea to Provide a Grocery Home-Delivery Service