Enterpreneurial ventures

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What role do large firms play in promoting global economic stability?

They encourage competition among local businesses only.

They limit the integration of developing markets into the global economy.

They diversify operations and spread economic risks. (correct)

They primarily focus on maximizing profits in their home country.

How do medium and large firms contribute to job creation at the national level?

They reduce reliance on international markets for labor.

They generate jobs indirectly through their supply chains. (correct)

They rely exclusively on government programs for employment.

They create employment solely through their direct operations.

Which factor is NOT a contribution of large firms to national economies?

Enhancing local artisanal trades. (correct)

Reducing unemployment rates.

Boosting a nation’s GDP significantly.

Generating significant tax revenues.

What effect do industrial clusters have at the regional level due to large firms?

They attract ancillary services and skilled labor. Signup and view all the answers

What is a primary benefit of large firms’ investments in infrastructure development?

They promote economic development in the wider region. Signup and view all the answers

What is a key way large firms drive innovation?

By investing heavily in R&D to enhance productivity. Signup and view all the answers

How do medium and large firms affect regional competitiveness?

By establishing regional hubs that attract various services. Signup and view all the answers

Which statement accurately reflects the international contributions of large firms?

They help integrate developing markets into the global economy. Signup and view all the answers

What role does the UAE's immigration policy play in its economic growth?

It promotes job creation through skilled entrepreneurs Signup and view all the answers

What is a key characteristic of a dynamic economy?

Innovation and technological advancements Signup and view all the answers

How can startup support programs influence job creation?

By providing mentorship and funding to new businesses Signup and view all the answers

Which of the following is a result of a dynamic economy?

Job creation and skill development Signup and view all the answers

What is the overall impact of targeting entrepreneurial immigrants on the economy?

It stimulates innovation and diversifies the economy Signup and view all the answers

What role do large firms play in enhancing the regional labor market?

They provide specialized training and development opportunities. Signup and view all the answers

How do large firms contribute to local community development?

Through Corporate Social Responsibility initiatives. Signup and view all the answers

What is a significant benefit of the UAE Golden Visa?

It provides long-term residency to skilled professionals and investors. Signup and view all the answers

How do highly skilled immigrants impact innovation?

They enhance innovation by bringing diverse experiences and knowledge. Signup and view all the answers

What is one way immigrant entrepreneurs stimulate competition?

By creating businesses that introduce new products and services. Signup and view all the answers

What is an indirect job creation mechanism resulting from immigrant entrepreneurship?

Expansion of supply chains due to increased demand for local services. Signup and view all the answers

What role do immigrant entrepreneurs play in workforce development?

They enhance workforce skills through training opportunities. Signup and view all the answers

How do local spending and job creation relate to large firms?

They bring employment that supports household incomes and drives local spending. Signup and view all the answers

What can be a consequence of the competitive environment fostered by immigrant entrepreneurs?

Increased choice and better quality for consumers. Signup and view all the answers

What is a characteristic of UAE's initiatives to attract skilled talent?

They offer various funding avenues and accelerator programs. Signup and view all the answers

What is one way that diversity brought by immigrant entrepreneurs benefits the economy?

It fosters cross-cultural innovation and stronger business networks. Signup and view all the answers

What impact does access to financing and grants have on attracting entrepreneurial talent?

It is crucial for encouraging entrepreneurial activities. Signup and view all the answers