Which option shows correct use of networking by an entrepreneur?
Answer and explanation
Correct answer: Creating opportunities by learning from mentors, suppliers, and customers
Networking involves building useful, respectful relationships that provide knowledge, advice, resources, referrals, and opportunities. Mentors, suppliers, and customers can each contribute different information to an enterprise. Breaking relationships or hiding information prevents learning and cooperation; therefore the relationship-building behaviour in A is correct.
Frequently asked questions
What is the correct answer to this question?
Creating opportunities by learning from mentors, suppliers, and customers
Why is this the correct answer?
Networking involves building useful, respectful relationships that provide knowledge, advice, resources, referrals, and opportunities. Mentors, suppliers, and customers can each contribute different information to an enterprise. Breaking relationships or hiding information prevents learning and cooperation; therefore the relationship-building behaviour in A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
