Why is setting goals important for an entrepreneur?
Answer and explanation
Correct answer: To make the direction of work clear
A goal states the result an entrepreneur wants to achieve. Clear goals help set priorities, allocate resources, measure progress, and coordinate daily activities with the wider business plan. They should be realistic and time-related where possible. Hence option A is correct; goals support planning rather than eliminate it.
Frequently asked questions
What is the correct answer to this question?
To make the direction of work clear
Why is this the correct answer?
A goal states the result an entrepreneur wants to achieve. Clear goals help set priorities, allocate resources, measure progress, and coordinate daily activities with the wider business plan. They should be realistic and time-related where possible. Hence option A is correct; goals support planning rather than eliminate it.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
