Ashok was an entrepreneur. He prepared a plan for manufacturing a car with some unique features.
He decided to set-up the manufacturing unit in a reputed industrial area of Gujarat where labour and the facilities for their training were available at a cheap rate. The plan also discussed about issues of long-term social welfare like arrangement for dumping and disposing of waste or emissions. He also decided that some components of the car would be imported from France. The above information describes an important component of a business plan.
(a) Identify the component. (b) State three elements other than those discussed in the above para to be covered under this component.

Question

Ashok was an entrepreneur. He prepared a plan for manufacturing a car with some unique features.

He decided to set-up the manufacturing unit in a reputed industrial area of Gujarat where labour and the facilities for their training were available at a cheap rate. The plan also discussed about issues of long-term social welfare like arrangement for dumping and disposing of waste or emissions. He also decided that some components of the car would be imported from France. The above information describes an important component of a business plan.

(a) Identify the component. (b) State three elements other than those discussed in the above para to be covered under this component.

Accepted Answer

(a) Description of venture/business venture.
(b) Three elements other than those discussed in the above para: (i) Machinery and equipments — the complete list of machines required with their size, capacity, type, cost and suppliers; (ii) Utilities — power, fuel, water, gas, electricity, stating the type required, load sanctioned, sources, quality, quantum needed and suppliers; (iii) Transport and communication system — the requirements, modes of transport and potential bottlenecks.