How does goal setting help an entrepreneur?
Answer and explanation
Correct answer: It sets direction and measurable results
A clear goal states what the venture wants to achieve and often includes a time frame or measurable result. It helps set priorities, allocate resources and review progress. Option A is correct because goals provide direction and a basis for evaluation. They do not erase costs, change customer needs automatically or remove the need for effort.
Frequently asked questions
What is the correct answer to this question?
It sets direction and measurable results
Why is this the correct answer?
A clear goal states what the venture wants to achieve and often includes a time frame or measurable result. It helps set priorities, allocate resources and review progress. Option A is correct because goals provide direction and a basis for evaluation. They do not erase costs, change customer needs automatically or remove the need for effort.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
