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What should an entrepreneur do first with limited resources?

Answer and explanation

Correct answer: Set priorities and start essential work

When resources are limited, the entrepreneur should identify the activities most necessary for creating value and meeting immediate objectives. Prioritising essential spending helps preserve cash, reduce waste, and complete critical work before less important activities. Option A is correct. Spending everything at once or on decoration can create shortages, while abandoning work shows poor resource management.

Related tags

Resource-ManagementPrioritisationEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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