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Which example shows the best use of resources by an entrepreneur?

Answer and explanation

Correct answer: Meeting the customer's main need with limited resources

Efficient resource use means directing limited money, time, materials, labour, and skills toward activities that create the greatest customer value. Meeting the main need with fewer resources avoids waste and improves the chance of survival. Decoration, unsold stock, and ignored skills do not directly solve the customer’s problem and can weaken the enterprise.

Related tags

Resource-ManagementEfficiencyEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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