What does the best use of resources in entrepreneurship represent?
Answer and explanation
Correct answer: Creating more value from limited resources
Entrepreneurs often have limited money, time, materials, skills, and employees. Efficient resource use means combining these inputs thoughtfully to create useful customer value while reducing waste. Leaving resources idle, spending without planning, or ignoring customer needs does not demonstrate efficiency and may weaken the enterprise.
Frequently asked questions
What is the correct answer to this question?
Creating more value from limited resources
Why is this the correct answer?
Entrepreneurs often have limited money, time, materials, skills, and employees. Efficient resource use means combining these inputs thoughtfully to create useful customer value while reducing waste. Leaving resources idle, spending without planning, or ignoring customer needs does not demonstrate efficiency and may weaken the enterprise.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
