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An entrepreneur met the production target but resource waste increased. What should be the next appropriate function?

Answer and explanation

Correct answer: Efficiency analysis and process improvement

Effectiveness means reaching the target, while efficiency means using time, money, materials, and energy wisely. Since the target was reached but waste increased, the entrepreneur should examine the process, identify the source of waste, and improve it. Raising the target or removing employees without analysis could worsen the problem rather than solve it.

Related tags

Efficiency-AnalysisProcess-ImprovementQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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