Why is networking useful in entrepreneurship?
Answer and explanation
Correct answer: It helps get support, advice, and opportunities
Networking means developing useful professional relationships with customers, suppliers, mentors, investors, peers, and other stakeholders. These connections can provide information, advice, skills, referrals, partnerships, and access to opportunities. Networking does not guarantee success, but purposeful and trustworthy relationships can support business growth.
Frequently asked questions
What is the correct answer to this question?
It helps get support, advice, and opportunities
Why is this the correct answer?
Networking means developing useful professional relationships with customers, suppliers, mentors, investors, peers, and other stakeholders. These connections can provide information, advice, skills, referrals, partnerships, and access to opportunities. Networking does not guarantee success, but purposeful and trustworthy relationships can support business growth.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
