What is the benefit of having measurable goals in an enterprise?
Answer and explanation
Correct answer: Progress and success can be assessed
A measurable goal states an observable result, such as a quantity, percentage, amount, or deadline. This allows the entrepreneur to compare actual performance with the plan, identify gaps, assign responsibility, and take corrective action. Measurement does not remove the need for work or prevent every mistake, and customer conditions may change. It makes evaluation more objective.
Frequently asked questions
What is the correct answer to this question?
Progress and success can be assessed
Why is this the correct answer?
A measurable goal states an observable result, such as a quantity, percentage, amount, or deadline. This allows the entrepreneur to compare actual performance with the plan, identify gaps, assign responsibility, and take corrective action. Measurement does not remove the need for work or prevent every mistake, and customer conditions may change. It makes evaluation more objective.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
