Which point is most appropriate while writing goals in a business plan?
Answer and explanation
Correct answer: Goals should be clear, measurable, and time-bound
Clear, measurable, and time-bound goals provide direction and allow progress to be reviewed. A target such as a defined sales amount by a specified date is easier to monitor than a vague wish. Goals should also be realistic in relation to resources; therefore option A reflects sound business planning.
Frequently asked questions
What is the correct answer to this question?
Goals should be clear, measurable, and time-bound
Why is this the correct answer?
Clear, measurable, and time-bound goals provide direction and allow progress to be reviewed. A target such as a defined sales amount by a specified date is easier to monitor than a vague wish. Goals should also be realistic in relation to resources; therefore option A reflects sound business planning.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
