Which type of goal is most useful for an entrepreneur?
Answer and explanation
Correct answer: A clear, measurable, and time-bound goal
A clear, measurable, and time-bound goal tells the entrepreneur what must be achieved, how progress will be assessed, and by when. This supports planning, accountability, and timely correction. A vague or incomprehensible goal cannot guide action, while a goal disconnected from customers may not create meaningful business value.
Frequently asked questions
What is the correct answer to this question?
A clear, measurable, and time-bound goal
Why is this the correct answer?
A clear, measurable, and time-bound goal tells the entrepreneur what must be achieved, how progress will be assessed, and by when. This supports planning, accountability, and timely correction. A vague or incomprehensible goal cannot guide action, while a goal disconnected from customers may not create meaningful business value.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
