Why is goal setting important?
Answer and explanation
Correct answer: Because it gives direction and focus
Goal setting identifies the result to be achieved and helps an entrepreneur focus time, effort, and resources on important tasks. Progress can be compared with the goal, allowing corrective action when necessary. Therefore option A is correct. Goals guide planning and action; they do not stop work or remove the need for planning.
Frequently asked questions
What is the correct answer to this question?
Because it gives direction and focus
Why is this the correct answer?
Goal setting identifies the result to be achieved and helps an entrepreneur focus time, effort, and resources on important tasks. Progress can be compared with the goal, allowing corrective action when necessary. Therefore option A is correct. Goals guide planning and action; they do not stop work or remove the need for 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.
