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What is the benefit of networking in business?

Answer and explanation

Correct answer: Building contacts and gaining opportunities

The governing concept is entrepreneurial networking. Networking involves creating and maintaining professional relationships with customers, suppliers, experts, mentors, partners, and other entrepreneurs. These contacts can provide information, collaboration, referrals, resources, and new opportunities. Option B is correct. Isolation and distance from customers weaken a business, while removing every competitor is neither realistic nor the purpose of networking.

Related tags

Business NetworkingProfessional ContactsOpportunitiesRelationshipsQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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