Scenario: Sabrina's Spices & Sauces
Last year,Sabrina Shin started a business selling all types of spices and hot sauces.The business is small but this entrepreneur's dreams are big.Given limited demand and sales fluctuations in the domestic market,Sabrina has been considering going international.Yet she has little information,many doubts,and no guidance.
-If Sabrina needs $500 000 to expand her business internationally,which of the following organizations might be her best bet?

Question

Quizplus · Accepted Answer

The Business Development Bank of Canada (BDC) is a financial institution dedicated to supporting small and medium-sized enterprises in Canada. They provide financing, advisory services, and capital to help businesses grow and expand, including funding for international expansion. Therefore, the BDC would be the best choice for Sabrina to seek funding for her international expansion plans. The other organizations listed may not provide specific financing options for small businesses in Canada.