Why is networking beneficial in entrepreneurship?
Answer and explanation
Correct answer: To get support, information, and opportunities
Networking creates useful professional relationships with customers, suppliers, mentors, investors, peers, and other stakeholders. Such contacts can provide information, feedback, resources, collaboration, referrals, and new opportunities. Isolation reduces access to these benefits, while reducing customers or learning is not the purpose of networking.
Frequently asked questions
What is the correct answer to this question?
To get support, information, and opportunities
Why is this the correct answer?
Networking creates useful professional relationships with customers, suppliers, mentors, investors, peers, and other stakeholders. Such contacts can provide information, feedback, resources, collaboration, referrals, and new opportunities. Isolation reduces access to these benefits, while reducing customers or learning is not the purpose of networking.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
