ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To develop a web of organizations that is mutually beneficial while remaining exclusive and competitive.
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To create stronger and more stable internet access for those who subscribe to the network.
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To create a supportive system of sharing information and resources with businesses who have similar goals, interests, and clients.
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To have businesses outside the network understand the benefits of being in the network.
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Detailed explanation-1: -What is the purpose of networking with other businesses? To develop a web of organizations that is mutually beneficial while remaining exclusive and competitive. To create stronger and more stable internet access for those who subscribe to the network.
Detailed explanation-2: -Role of networking Networking is about interacting and engaging with people for mutual benefit. If you’re facing challenges in your business, your network may be able to provide you with advice. Equally, you’ll be able to share your knowledge and skills to help contacts, which will strengthen your relationships.
Detailed explanation-3: -By Entrepreneur Staff. Networking Definition: Developing and using contacts made in business for purposes beyond the reason for the initial contact. For example, a sales representative may ask a customer for names of others who may be interested in his product.
Detailed explanation-4: -Some of the many advantages networking brings to businesses include: Build relationships-networking gives you the opportunity to connect with other businesses, helping you to establish effective relationships with key people across various industries, that you can call on if needed.
Detailed explanation-5: -Because it is a personal form of communication and usually involves face-to-face contact, networking deepens your business’s connections. People still buy from people first. If people are to buy from you because they trust you, you need to be well connected and have a credible profile in your marketplace.