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Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipResource Mobilization4 Marks
Question
What do you understand by physical resources? Availability of resources determines the location of an enterprise. Do you agree? Justify of your answer?
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Answer

Yes, It is true that availability of resources determine the location of an enterprise. It is because of following reasons:
  1. Cost factors: If sources of resources are near the enterprise then the transportation Le cost is reduced.
  2. Supply factors: The supply of resources is quick if resources are readily available.
  3. Maintenance: The maintenance of machinery becomes easy as vendors are readily available.

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