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Which enterprise category is eligible for subsidies and concessions if it exports more than 50% of its production?
- a)Micro-business
- b)Export Oriented
- c)Tiny Sector
- d)Medium Scale
Correct answer is option 'B'. Can you explain this answer?
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Which enterprise category is eligible for subsidies and concessions if...
Export Oriented enterprises are eligible for subsidies and concessions if they export more than 50% of their production. The government supports these enterprises to promote exports.
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Which enterprise category is eligible for subsidies and concessions if...
Export Oriented Category
In many countries, enterprises falling under the Export Oriented category are eligible for subsidies and concessions if they export more than 50% of their production. This means that businesses that primarily focus on exporting goods or services to international markets can benefit from government support to help them grow and remain competitive in the global market.
Criteria for Eligibility
To qualify for these subsidies and concessions, enterprises need to meet certain criteria, such as demonstrating that a significant portion of their production is being exported. This requirement encourages businesses to focus on expanding their international reach and increasing their export volume.
Benefits of Subsidies and Concessions
By receiving subsidies and concessions, export-oriented enterprises can lower their production costs, improve their competitiveness, and access new markets more easily. These incentives help businesses to invest in research and development, upgrade their technology and infrastructure, and enhance their overall export capabilities.
Impact on Economy
Supporting export-oriented enterprises can have a positive impact on the economy by creating jobs, attracting foreign investment, and boosting export earnings. These businesses play a crucial role in driving economic growth, increasing foreign exchange reserves, and promoting international trade relations.
In conclusion, the Export Oriented category is crucial for driving exports and economic growth, and providing subsidies and concessions to these enterprises can help them expand their global presence and contribute to the overall development of the economy.
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Which enterprise category is eligible for subsidies and concessions if it exports more than 50% of its production?a)Micro-businessb)Export Orientedc)Tiny Sectord)Medium ScaleCorrect answer is option 'B'. Can you explain this answer?
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