How does goal setting help an entrepreneur?
Answer and explanation
Correct answer: It sets direction and priority of work
Goal setting converts a broad business intention into a desired result that can guide action. It helps the entrepreneur decide which tasks and resources deserve priority, set time limits, and review progress. A goal does not perform the work, automatically attract customers, or make costs zero; implementation and monitoring are still required. Therefore, option A is correct.
Frequently asked questions
What is the correct answer to this question?
It sets direction and priority of work
Why is this the correct answer?
Goal setting converts a broad business intention into a desired result that can guide action. It helps the entrepreneur decide which tasks and resources deserve priority, set time limits, and review progress. A goal does not perform the work, automatically attract customers, or make costs zero; implementation and monitoring are still required. Therefore, option A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
