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FAQs on PPT: Resource Mobilization - Entrepreneurship Class 11 - Commerce

1. What is resource mobilization in commerce?
Ans. Resource mobilization in commerce refers to the process of gathering and utilizing resources effectively to achieve the goals and objectives of a business or organization. It involves identifying, acquiring, and managing resources such as capital, labor, and technology to maximize efficiency and productivity.
2. Why is resource mobilization important in commerce?
Ans. Resource mobilization is crucial in commerce as it helps businesses and organizations to optimize their operations, increase profitability, and stay competitive in the market. By efficiently managing resources, companies can minimize waste, enhance productivity, and capitalize on growth opportunities.
3. What are the key strategies for resource mobilization in commerce?
Ans. Some key strategies for resource mobilization in commerce include developing a clear resource mobilization plan, conducting thorough research to identify available resources, establishing partnerships and collaborations, leveraging technology to streamline processes, and continuously monitoring and evaluating resource utilization.
4. How can businesses improve resource mobilization efficiency in commerce?
Ans. Businesses can improve resource mobilization efficiency by implementing efficient resource allocation practices, investing in training and development of staff to optimize resource utilization, adopting innovative technologies to automate processes, and regularly reviewing and adjusting resource mobilization strategies based on changing market conditions.
5. What are the challenges associated with resource mobilization in commerce?
Ans. Some common challenges associated with resource mobilization in commerce include limited access to funding, high competition for resources, changing regulatory environment, rapid technological advancements, and the need to adapt to evolving consumer preferences. Businesses must address these challenges proactively to ensure sustainable growth and success.
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