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An entrepreneur identifies causes and improves the action plan when a target is not achieved. Which function sequence is correct?

Answer and explanation

Correct answer: Monitoring and corrective action

Controlling involves checking actual performance against planned targets, identifying deviations and taking corrective action. In this case, the entrepreneur monitors whether the target was achieved, investigates the reason for failure and improves the plan. Recruitment, marketing, pricing and promotion are different functions. Therefore option A gives the correct sequence.

Related tags

MonitoringCorrective ActionControllingQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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