Which example shows the best use of resources by an entrepreneur?
Answer and explanation
Correct answer: Making a small sample from available materials and testing it
Efficient resource use means achieving useful learning or output with minimum unnecessary expenditure and waste. Making a small prototype from available materials tests the idea before larger investment and preserves flexibility. Buying unused machinery or discarding material wastes resources, while waiting produces no learning; therefore A is the best example.
Frequently asked questions
What is the correct answer to this question?
Making a small sample from available materials and testing it
Why is this the correct answer?
Efficient resource use means achieving useful learning or output with minimum unnecessary expenditure and waste. Making a small prototype from available materials tests the idea before larger investment and preserves flexibility. Buying unused machinery or discarding material wastes resources, while waiting produces no learning; therefore A is the best example.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
