INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
1. Business objectives are needed to demonstrate to investors.
|
|
|
2. Clear objectives can support the direction the entrepreneur would want his enterprise and employees to take.
|
|
|
3. Objectives talk about business and are important for branding.
|
|
|
4. Objectives are just a waste of time.
|
Detailed explanation-1: -One of the biggest goals for entrepreneurs is to achieve greater efficiency in all aspects of their organisation. Right from speeding up processes, quicker delivery of services, weaving in improvements in offerings with changing times, be updated with the latest technology, and pursuing excellence in every way.
Detailed explanation-2: -Setting clear goals for the business can help you pinpoint not only who your customers are, but also the best way to reach them. This can help you maximize your marketing budget and increase your revenue.
Detailed explanation-3: -The objectives should be specific, measurable, achievable and realistic. There are four types of objectives that an entrepreneur can set: personal objectives, business objectives, financial objectives and performance objectives.