How is follow-up helpful to an entrepreneur? - Vidyadip

Question

How is follow-up helpful to an entrepreneur?

✓

Answer

Follow up element helps the entrepreneur in following ways:

Developing ways: Developing ways to review the present situation with regard to materials, work in progress and finished goods.
Evolving ways: Evolving ways to control the performance of those departments which lag behind.
Removing obstacles: Removing obstacles in the way of production by suggesting remedial measures.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Entrepreneurial Planning→Entrepreneurial Planning — all question types→Entrepreneurship STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

What is branding? How is it useful?

Mention the conditions for existence of HUFs.

Write Unit of Sale in each case.

Business	Items being Unit of Sold/ Serviced	Unit of sale
Garment Shop	T-Shirt	?
Textile Shop	Fabric	?
Restaurant	Cake	?

Give the functions of IIBI.

Answers to these questions should not exceed 75 words:
What is a budget? What are the essentials of a budget?

Explain 'Marketing Strategies' and 'Financial Profile' as features of a Feasibility Plan.

Differentiate between product franchise and manufacturing franchise.

State some service sector based ideas related to commercial establishment.

A sole proprietor does not require registration, but may require certain general formalities. Name any two such formalities.

Name the commonly used tags for tracking while using SKU.