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How can the right network give strategic benefit to an entrepreneur?

Answer and explanation

Correct answer: By giving support information and market contacts

A useful entrepreneurial network is more than a large list of contacts. It includes people who can offer practical support, reliable information, specialist advice, suppliers, partnerships, or access to possible customers and markets. Such relationships can help an entrepreneur notice changing demand, solve problems faster, find resources, and identify opportunities that may not be visible when working alone. A network therefore becomes a strategic asset when it is relevant, trustworthy, and used responsibly.

Option A is correct because support, information, and market contacts can strengthen planning and business growth. The other choices describe harmful actions: stopping work reduces progress, reducing customers weakens sales, and reducing quality can damage trust and reputation. Networking does not guarantee success, but it can improve access to knowledge and opportunities. The supplied answer is therefore consistent.

Related tags

Home-ScienceEntrepreneurshipNetworking

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