Why is networking useful in business?
Answer and explanation
Correct answer: To obtain advice, cooperation, and opportunities
Business networking connects an entrepreneur with customers, suppliers, mentors, investors, institutions, and other professionals. These relationships can provide information, guidance, cooperation, referrals, and new opportunities. Networking does not remove legal duties or justify ignoring customers. Its value lies in building useful and trustworthy professional relationships that support enterprise development.
Frequently asked questions
What is the correct answer to this question?
To obtain advice, cooperation, and opportunities
Why is this the correct answer?
Business networking connects an entrepreneur with customers, suppliers, mentors, investors, institutions, and other professionals. These relationships can provide information, guidance, cooperation, referrals, and new opportunities. Networking does not remove legal duties or justify ignoring customers. Its value lies in building useful and trustworthy professional relationships that support enterprise development.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
