Why is time management important for an entrepreneur?
Answer and explanation
Correct answer: To complete important tasks on time
An entrepreneur often handles planning, purchasing, production, marketing, customer service, and financial work at the same time. Prioritising tasks, setting deadlines, and allocating time helps important activities finish on schedule and reduces avoidable delay. Poor time management can cause missed commitments and errors. Making customers wait or keeping tasks uncertain is not its purpose.
Frequently asked questions
What is the correct answer to this question?
To complete important tasks on time
Why is this the correct answer?
An entrepreneur often handles planning, purchasing, production, marketing, customer service, and financial work at the same time. Prioritising tasks, setting deadlines, and allocating time helps important activities finish on schedule and reduces avoidable delay. Poor time management can cause missed commitments and errors. Making customers wait or keeping tasks uncertain is not its purpose.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
