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How can networking help in entrepreneurship?

Answer and explanation

Correct answer: In connecting information, support, customers and suppliers

The governing concept is networking as a business resource. An entrepreneur builds useful professional relationships with customers, suppliers, mentors, lenders, workers and other entrepreneurs. These connections can provide market information, advice, referrals, partnerships, finance leads, reliable inputs and access to new customers. Therefore option A is correct: networking links information, support, customers and suppliers and can improve the chances of starting or expanding a venture. It does not mean merely collecting names; the relationships must be relevant and mutually useful. Option B is the opposite of networking because isolation reduces access to information and opportunities. Options C and D are also incorrect because successful entrepreneurship generally depends on understanding customers and using resources effectively, not blocking customers or hiding resources.

Related tags

EntrepreneurshipNetworkingCustomersSuppliersEntrepreneurship: Definition And CharacteristicsEntrepreneurship Definition And CharacteristicsWorkLivelihood And CareerWork Livelihood And Career

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