When should an entrepreneur change a business goal?
Answer and explanation
Correct answer: When new facts make the old goal impractical
Goals provide direction, but they should be reviewed when reliable evidence shows that market conditions, resources, assumptions, or timing have changed enough to make the old goal impractical. Revising such a goal is adaptive planning, not surrender. One bad day, a joke, or an unexplained mood is insufficient evidence for a major business change. Therefore, A is correct.
Frequently asked questions
What is the correct answer to this question?
When new facts make the old goal impractical
Why is this the correct answer?
Goals provide direction, but they should be reviewed when reliable evidence shows that market conditions, resources, assumptions, or timing have changed enough to make the old goal impractical. Revising such a goal is adaptive planning, not surrender. One bad day, a joke, or an unexplained mood is insufficient evidence for a major business change. Therefore, A is correct.
Which subject and chapter does this question cover?
This is a Class 12 Business Studies question. Chapter: Planning. Topic: Objectives.
