Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

What are the various resources that a business enterprise assembles from its environment?

Options:

Goods and services

Inputs, such as finance, machines, raw materials, power and water, labour, etc.

Taxes and returns on financial investment

Outputs for customers and suppliers

Correct Answer:

Inputs, such as finance, machines, raw materials, power and water, labour, etc.

Explanation:

Environment is a source of various resources for running a business. To engage in any type of activity, a business enterprise assembles various resources called inputs like finance, machines, raw materials, power and water, labour, etc., from its environment including financiers, government and suppliers.