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What is the correct meaning of resources in business?

Answer and explanation

Correct answer: Things needed to complete work

Business resources are the inputs needed to perform activities and achieve objectives. They may include money, people, materials, equipment, information, time, technology, and skills. Advertising can be one particular activity or resource, but it is not the whole meaning; profit is an outcome, and holiday time is not a complete resource category.

Related tags

ResourcesBusiness-ManagementPlanningEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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