NextQ222

Match the given components of a Business Plan in Column I and their meaning in Column II. Choose the correct option from the options given below : Column I (Business Plan) : (1) Production Plan (2) Operational Plan (3) Organizational Plan (4) Marketing Plan Column II (Meaning) : (i) That part of the business plan that describes the proposed venture's form of ownership. (ii) That part of the business plan where transformation of raw material into finished product takes place with the help of energy, capital, manpower and machinery. (iii) That part of the business plan which organises for the movement of material, performance of machines and operations of labour into a defined direction. (iv) That part of the business plan which provides guidelines regarding the marketing objectives, strategies and activities to be followed by the new enterprise.

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Question 221

Sudershan has undergone skill development training for maintenance of electronic items, from an institute started under the 'Skill Development Mission' by the Government of India. He wants to start his own small business in his locality with ₹ 1,00,000 given by his father as capital. He himself wants to manage and control this business, employing some assistants, if required. Out of the following, suggest the form of business organisation he can adopt.

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