Question

Entrepreneurs use the material and people available around them, to make the products_______.

• A. at higher cost
• B. at low cost
• C. attractive
• D. a high quality

Hint:

Reducing production costs is essential for entrepreneurs to stay competitive and maxi mize profitability.

Answer 1

The Correct Option is B

Entrepreneurs often focus on minimizing production costs to maximize profits. By utilizing available resources efficiently and producing products at a lower cost, they can maintain a competitive edge. Hence, the correct answer is ”at low cost.”