Question

assume that you are a petty shop owner how can you utilise the limited resources to fulfill your needs​

Answer 1

if i was pretty i will be hiring some workers for managing the shop i will invite customer from outside

Answer 2

Answer:

Making a big deal out of the available resources is part of being a petty shop owner. For instance, one can open a petty shop in the village, which is a little store that doesn't necessarily need to have a lot of inventory but instead should focus more on providing the essentials.

• A petty shop takes up a small amount of room. For it to be structured, a wider ground is not necessary.
• Because few people live in a village, a tiny business may effectively and efficiently provide for their needs.
• The minimal amount of capital needed to start and manage a petty shop can readily be obtained by borrowing from family members or friends or by applying for a small loan from a microfinance organization.
• The cost of recruiting personnel as in the case of a larger business setup is reduced when the tiny store is run by one person as a sole owner.
• The petty store is a reliable place for jobless people to find work. It gives the society's unemployed a steady stream of money.

it might be difficult initially, to start a small business. but keeping in mind the cost cuttings prompted by minimal capital, one can upgrade his business.

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