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What is called a resource in entrepreneurship?

Answer and explanation

Correct answer: Money, time, people and materials used in business

In entrepreneurship, a resource is any useful input needed to plan, start, and operate a business. Common resources include money or capital, time, workers’ skills, equipment, raw materials, information, and technology. Option C is correct because it names several business inputs. Entertainment material, news alone, or one customer complaint may be information in some situations, but none by itself defines the broad group of resources.

Related tags

ResourcesMoneyTimeMaterialsIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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