What is the benefit of goal setting in an enterprise?
Answer and explanation
Correct answer: It clarifies work direction and progress
A clear goal tells an entrepreneur what result is expected and by when. It helps arrange priorities, assign resources, coordinate employees, and compare actual progress with the plan. Goal setting cannot remove every problem, replace market research, or stop all expenses automatically. Hence, option A correctly describes its benefit.
Frequently asked questions
What is the correct answer to this question?
It clarifies work direction and progress
Why is this the correct answer?
A clear goal tells an entrepreneur what result is expected and by when. It helps arrange priorities, assign resources, coordinate employees, and compare actual progress with the plan. Goal setting cannot remove every problem, replace market research, or stop all expenses automatically. Hence, option A correctly describes its benefit.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
