What are resources in business?
Answer and explanation
Correct answer: Things needed to complete work
Business resources are the inputs used to perform activities and achieve objectives. They may include money, people, materials, equipment, information, skills, and time. A business must plan and use these limited resources carefully. Hence option A is correct; free time alone, useless things, or customer anger are not the meaning of resources.
Frequently asked questions
What is the correct answer to this question?
Things needed to complete work
Why is this the correct answer?
Business resources are the inputs used to perform activities and achieve objectives. They may include money, people, materials, equipment, information, skills, and time. A business must plan and use these limited resources carefully. Hence option A is correct; free time alone, useless things, or customer anger are not the meaning of resources.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce. Topic: Concept, characteristics and objectives of business.
