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An entrepreneur chooses locally available materials to make a product. What may be a benefit?

Answer and explanation

Correct answer: Transport costs and supply time may be reduced

When suitable materials are available nearby, the business may spend less on transporting them and may receive supplies more quickly. Shorter supply routes can also make it easier to communicate with local suppliers, although costs and availability still need to be checked. Local sourcing does not remove the need for planning or quality checks, and it cannot guarantee demand. Therefore, option C is the appropriate benefit.

Related tags

Local-ResourcesTransport-CostSupply-ChainIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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