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An entrepreneur estimates the machines, time and workers required to make a product. Which function is this?

Answer and explanation

Correct answer: Resource planning

Resource planning identifies the human, physical, financial and time resources needed to complete an activity. Estimating machines, labour and production time helps the entrepreneur schedule work, control costs and avoid shortages. Customer service deals with buyers, marketing promotes products and conflict resolution handles disagreements. Thus the described production preparation is resource planning, option C.

Related tags

Resource PlanningMachinesWorkersQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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