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What should an entrepreneur do when resources are limited?

Answer and explanation

Correct answer: Prioritize tasks and use available resources efficiently

Limited money, time, people, or materials require careful allocation. The entrepreneur should identify essential activities, set priorities, and use available resources where they create the greatest value. This improves efficiency and reduces waste. Limited resources do not automatically mean that the idea must be abandoned, and unplanned spending is risky.

Related tags

Resource ManagementPrioritizationPlanningEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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