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What is meant by coordination of resources in entrepreneurship?

Answer and explanation

Correct answer: Organising money material time and labour according to goal

The direct answer is A: coordination of resources means organising money, materials, time, and labour according to a goal. Resources are all the inputs needed to complete work, not money alone. Step by step, the entrepreneur identifies the goal, lists the available resources, decides what each resource will do, fixes a sensible order and time, and brings everything together so production or service can run smoothly. Option A is correct because it includes several resources and connects them with the business objective. Option B is wrong because wasting materials is misuse, not coordination. Option C is wrong because forgetting deadlines shows poor planning. Option D is wrong because keeping away from customers weakens communication and does not organise resources. Memory cue: coordinate means put the right resource in the right place at the right time.

Related tags

ResourcesCoordinationEnterprise Management

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