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Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipResource Mobilization3 Marks
Question
Name any four factors to be kept in mind while selecting physical resources.
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Answer

A careful selection of physical resources is essential because many allied issues are influenced by the 'place', selected, such as:
  1. Capital Cost.
  2. Access to other resources.
  3. Transport and Communication Cost.
  4. Availability of manpower and its cost (wages, salaries).
  5. Cost of production.

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