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When funds are limited in a new business, which decision would be most entrepreneurial?

Answer and explanation

Correct answer: Prioritizing essential tasks and making a minimum useful start

When resources are scarce, an entrepreneur should identify the activities essential for delivering customer value and spend carefully on them. Starting with a minimum useful version allows learning without exhausting funds and supports gradual expansion. Decorative spending, an unexamined expensive purchase, and failure to record costs reduce control and increase financial risk.

Related tags

Limited ResourcesPrioritizationMinimum Viable StartCostIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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