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What is the best step for an entrepreneur when resources are limited?

Answer and explanation

Correct answer: Prioritize the most important tasks and start small

When money, time, or people are limited, the entrepreneur should first identify essential activities and use resources carefully. Starting on a small scale allows learning, controls expenditure, and limits possible loss before expansion. The other options waste resources or remove planning and market knowledge, increasing risk.

Related tags

Resource ManagementPrioritizationEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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