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How can poor time management affect a business?

Answer and explanation

Correct answer: Work may be delayed, customers may be dissatisfied, and costs may rise

Poor time management can cause missed deadlines, delayed deliveries, idle staff, rushed work, and repeated tasks. These problems may increase operating costs and reduce customer satisfaction and trust. They do not automatically increase customers or remove the need for the product. Managing schedules, priorities, and responsibilities helps the entrepreneur use time as a productive business resource.

Related tags

Time ManagementEfficiencyCustomer SatisfactionEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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