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What creative financing solution did the small business Toyola Energy Ltd. implement in order to sell more than 150,000 cookstoves at low consumer prices, according to the case Clean Cooking?

User Markiesch
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Final answer:

Toyola Energy Ltd. succeeded in selling efficient cookstoves by utilizing technology that harnesses the greenhouse effect and reflective materials, offering a cost-effective and green solution in challenging real-world conditions.

Step-by-step explanation:

Toyola Energy Ltd. implemented a creative financing solution involving the sale of inexpensive, efficient cookstoves to combat the issues of indoor air pollution and environmental degradation.

The solar cookers they sold utilized reflective material and the greenhouse effect to trap solar energy, which is both cost-effective and environment-friendly.

They achieved this in spite of challenges associated with the adoption and maintenance of new technologies in real-world conditions, where even quality technologies like hybrid seeds face skepticism due to a prevalence of counterfeit products affecting real-world outcomes.

These challenges highlight the importance of not only inventing new technologies but also ensuring their adoption and proper functioning in the real world to genuinely enhance well-being.

User Siran
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