What is the correct benefit of setting goals in entrepreneurship?
Answer and explanation
Correct answer: It gives direction and helps measure progress
A goal states the result an entrepreneur wants to achieve and provides a standard against which progress can be reviewed. Clear goals help allocate resources, coordinate activities, identify delays, and decide whether corrective action is needed. Therefore option A is correct. Goals do not replace effort, automatically increase risk, or drive customers away.
Frequently asked questions
What is the correct answer to this question?
It gives direction and helps measure progress
Why is this the correct answer?
A goal states the result an entrepreneur wants to achieve and provides a standard against which progress can be reviewed. Clear goals help allocate resources, coordinate activities, identify delays, and decide whether corrective action is needed. Therefore option A is correct. Goals do not replace effort, automatically increase risk, or drive customers away.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
