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.
Frequently asked questions
What is the correct answer to this question?
Work may be delayed, customers may be dissatisfied, and costs may rise
Why is this the correct answer?
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.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
