Why should an entrepreneur set goals?
Answer and explanation
Correct answer: To give direction to work
Goals state what the entrepreneur wants to achieve and provide a basis for deciding priorities, resources, and deadlines. Clear and measurable goals make it possible to monitor progress, identify gaps, and adjust actions. They do not waste time; vague or unrealistic goals, however, may reduce effectiveness.
Frequently asked questions
What is the correct answer to this question?
To give direction to work
Why is this the correct answer?
Goals state what the entrepreneur wants to achieve and provide a basis for deciding priorities, resources, and deadlines. Clear and measurable goals make it possible to monitor progress, identify gaps, and adjust actions. They do not waste time; vague or unrealistic goals, however, may reduce effectiveness.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
