Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Planning

Question:
_____________________ is well answered by establishing goals?
Options:
Where do we want to go?
Where have we been?
How do we get there?
Why do we go there?
Correct Answer:
Where do we want to go?
Explanation:
"Where do we want to go?" is answered well by establishing –
a) realistic, attainable and well defined goals and objectives for the enterprises,
b) quantifying the goals so that they could be measured for control purposes.
c) setting standards to measure those goals which are qualitative in nature.
d) limiting the goals to a specific number so that there are no chaos, confusions or overlapping. Otherwise, even controlling and monitoring will be difficult.