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What does the best use of resources in a new venture indicate?

Answer and explanation

Correct answer: Resourcefulness and planned thinking

A new venture often has limited money, time, equipment, and personnel. Using these resources carefully requires identifying priorities, avoiding waste, finding practical alternatives, and matching resources with business goals. This shows resourcefulness and planning. Spending without objectives or ignoring customers reflects poor management, not efficient entrepreneurship. Therefore, option A is the appropriate interpretation.

Related tags

ResourcefulnessPlanningStartup SkillsEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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