Why an entrepreneur needs to draw a business plan?
GeneralClass 11CBSEAnswered 23 Jun 2026
Answer
The entrepreneur has to incorporate the sensitivities of time, place and needs. Therefore, he has to draw a business plan, a strategy and an action plan.
Suggested Q&A
General · Class 11- GeneralClass 11Why an entrepreneur is referred as a change agent?
- GeneralClass 11Is the concept of entrepreneurship confined to big business enterprises and economic institutions only?
- GeneralClass 11Mention three qualities of an entrepreneur as stated by Peter Drucker.
- GeneralClass 11How Adam Smith defined an entrepreneur?
- GeneralClass 11Name the economist known for the various theories on the principles of economics.
- GeneralClass 11How entrepreneurship helps in harnessing youth vigour?