Why is networking useful for an entrepreneur?
Answer and explanation
Correct answer: To get advice, support, and opportunities
Networking creates relationships with customers, suppliers, mentors, financial institutions, professionals, and other entrepreneurs. These relationships can provide information, practical advice, referrals, cooperation, resources, and opportunities that may not be visible otherwise. Effective networking is purposeful and reciprocal; it is not a way to avoid people, hide problems, or waste time without a business objective.
Frequently asked questions
What is the correct answer to this question?
To get advice, support, and opportunities
Why is this the correct answer?
Networking creates relationships with customers, suppliers, mentors, financial institutions, professionals, and other entrepreneurs. These relationships can provide information, practical advice, referrals, cooperation, resources, and opportunities that may not be visible otherwise. Effective networking is purposeful and reciprocal; it is not a way to avoid people, hide problems, or waste time without a business objective.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
