Why is networking important for an entrepreneur?
Answer and explanation
Correct answer: It helps get advice, resources, and opportunities
A useful network connects the entrepreneur with mentors, suppliers, customers, skilled people, finance contacts, and possible partners. These relationships can provide information, referrals, resources, and opportunities that are difficult to access alone. Networking does not replace hard work, alter customer needs, or eliminate risk. Its value depends on building trustworthy, mutually beneficial professional relationships.
Frequently asked questions
What is the correct answer to this question?
It helps get advice, resources, and opportunities
Why is this the correct answer?
A useful network connects the entrepreneur with mentors, suppliers, customers, skilled people, finance contacts, and possible partners. These relationships can provide information, referrals, resources, and opportunities that are difficult to access alone. Networking does not replace hard work, alter customer needs, or eliminate risk. Its value depends on building trustworthy, mutually beneficial professional relationships.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
