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Why is setting deadlines important for an entrepreneur?

Answer and explanation

Correct answer: It keeps priorities and progress clear

A deadline gives a task a planned completion point. It helps the entrepreneur set priorities, coordinate people, monitor progress, identify delay, and take corrective action. A realistic deadline improves discipline and control, but it does not remove every risk, guarantee success, or automatically reduce cost. Results still depend on resources, quality, and effective execution.

Related tags

Time-ManagementPlanningEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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