How does goal setting help in business?
Answer and explanation
Correct answer: It gives clear direction to work
A business goal states what the venture intends to achieve, such as a sales, service, quality, or growth target. Clear goals help allocate resources, coordinate effort, measure progress, and decide priorities. They do not automatically create customers, remove every risk, or make costs zero; those claims confuse direction with guaranteed results.
Frequently asked questions
What is the correct answer to this question?
It gives clear direction to work
Why is this the correct answer?
A business goal states what the venture intends to achieve, such as a sales, service, quality, or growth target. Clear goals help allocate resources, coordinate effort, measure progress, and decide priorities. They do not automatically create customers, remove every risk, or make costs zero; those claims confuse direction with guaranteed results.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
