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When an entrepreneur creates a new solution with limited resources, which quality is shown?

Answer and explanation

Correct answer: Resourcefulness

Resourcefulness is the ability to find practical and creative ways to achieve a goal despite limited money, materials, time, or equipment. The entrepreneur may reuse available materials, combine skills, simplify a process, or find an affordable substitute while still solving the customer’s problem. This is different from carelessness, blind imitation, or delay because it involves purposeful, efficient action and problem solving.

Related tags

ResourcefulnessInnovationEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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