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

Answer and explanation

Correct answer: Making a small sample from available materials and testing it

Efficient resource use means achieving useful learning or output with minimum unnecessary expenditure and waste. Making a small prototype from available materials tests the idea before larger investment and preserves flexibility. Buying unused machinery or discarding material wastes resources, while waiting produces no learning; therefore A is the best example.

Related tags

Resource-EfficiencyPrototypeEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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