Why are collaboration skills useful for an entrepreneur?
Answer and explanation
Correct answer: To work better with a team and partners
Entrepreneurs commonly work with employees, suppliers, advisers, investors, customers, and business partners. Collaboration helps them communicate expectations, combine different skills, solve problems, and use resources effectively. Staying isolated or merely giving orders limits cooperation, while wasting resources directly harms the venture rather than supporting it.
Frequently asked questions
What is the correct answer to this question?
To work better with a team and partners
Why is this the correct answer?
Entrepreneurs commonly work with employees, suppliers, advisers, investors, customers, and business partners. Collaboration helps them communicate expectations, combine different skills, solve problems, and use resources effectively. Staying isolated or merely giving orders limits cooperation, while wasting resources directly harms the venture rather than supporting it.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
