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Justify the following statement. Available resources should be used to its maximum. - Organisation of Commerce and Management

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Question

Justify the following statement.

Available resources should be used to its maximum.

Short Note

Solution

  1. Resources are always scarce. The demand for resources is more and the availability of resources is less.
  2. Similarly, resources belong to the society but the businesses use them for production and provide the finished products to the society.
  3. So it is necessary to use the resources carefully.
  4. Wastage of resources should be avoided.
  5. Wherever possible, recycling and reusing the resources should be considered by the businesses.
  6. Thus, Whatever resources available should be used to its maximum.
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Classification of Business Activities
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Chapter 1: Introduction of Commerce and Business - EXERCISE [Page 20]

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Balbharati Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board
Chapter 1 Introduction of Commerce and Business
EXERCISE | Q 6. 7) | Page 20
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