Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:
The raw material and other resources are obtained from ____________ which are further converted into finished product using labour and/or machinery in the firm.
Options:
Supplier
Competitor
Intermediary
Producer
Correct Answer:
Supplier
Explanation:
Supplier is a person or organization that provides something needed such as a product or service.