What is the correct meaning of resources in business?
Answer and explanation
Correct answer: Things needed to complete work
Business resources are the inputs needed to perform activities and achieve objectives. They may include money, people, materials, equipment, information, time, technology, and skills. Advertising can be one particular activity or resource, but it is not the whole meaning; profit is an outcome, and holiday time is not a complete resource category.
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 needed to perform activities and achieve objectives. They may include money, people, materials, equipment, information, time, technology, and skills. Advertising can be one particular activity or resource, but it is not the whole meaning; profit is an outcome, and holiday time is not a complete resource category.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
