Why is networking useful for an entrepreneur?
Answer and explanation
Correct answer: To get support, advice, customers, and opportunities
Networking creates professional relationships with customers, suppliers, mentors, peers, and possible partners. These relationships can provide advice, referrals, knowledge, cooperation, and access to opportunities. Effective networking is not merely collecting contacts; it involves respectful and useful interaction. Breaking relationships or avoiding feedback weakens an enterprise.
Frequently asked questions
What is the correct answer to this question?
To get support, advice, customers, and opportunities
Why is this the correct answer?
Networking creates professional relationships with customers, suppliers, mentors, peers, and possible partners. These relationships can provide advice, referrals, knowledge, cooperation, and access to opportunities. Effective networking is not merely collecting contacts; it involves respectful and useful interaction. Breaking relationships or avoiding feedback weakens an enterprise.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
