Question

Describe a product or service industry that we have never seen before? Where do you see...

Describe a product or service industry that we have never seen before? Where do you see international business going?

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Answer #1

It can be mentioned that 'microfinancing' is one such industry that I have never seen before in an organised way where the loan amount will be as less as $50, and it can help people to cope up with their needs and this is different from that of a credit card because microfinance always carries high interest rates and loan will be guaranteed without any credit approval and these high interest rates are due to the amount of risk.

International business is going towards de-globalisation, where every country is actually trying to protect its domestic industries from trade with imposition of trade barriers as a result of which, the international trade between the countries are actually moving towards a decreasing trend on the whole.

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