What is the most correct meaning of mobilizing resources in business?
Answer and explanation
Correct answer: Properly using money, human skills, materials, and contacts
Business resources include more than money: people’s skills, time, materials, information, technology, relationships, and finance may all be needed. Mobilising resources means identifying, obtaining, coordinating, and using these resources effectively to achieve business objectives. Locking money away, withholding information, or leaving resources unused does not mobilise them. Therefore A gives the correct meaning.
Frequently asked questions
What is the correct answer to this question?
Properly using money, human skills, materials, and contacts
Why is this the correct answer?
Business resources include more than money: people’s skills, time, materials, information, technology, relationships, and finance may all be needed. Mobilising resources means identifying, obtaining, coordinating, and using these resources effectively to achieve business objectives. Locking money away, withholding information, or leaving resources unused does not mobilise them. Therefore A gives the correct meaning.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
