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6. Suppose you are a Managing Director of a major enterprise situated near an impoverished area and you are planning to develop further commercial activities
6. Suppose you are a Managing Director of a major enterprise situated near an impoverished area and you are planning to develop further commercial activities in the surrounding region with a view to provide better livelihoods to the inhabitants. Assume you already possess the knowledge of a monopolistic competitive industry and you have assessed the talents and skills of those inhabitants. Explain what strategies you will adopt to promote social entrepreneurship in that area whilst simultaneously developing new and innovative commercial activities in the region. (12 marks)
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