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Question

Arrange the process of developing effective business plans of starting new venture in proper order-
(i) Identification and evaluation of opportunity
(ii) Determination of required resources
(iii) Development of business plans
(iv) Management of the resulting enterprise
  1. (i), (ii), (iii), (iv)
  2. (iv), (i), (ii), (iii)
  3. (i), (iii), (ii), (iv)
  4. (i), (iv), (iii), (ii)

A
(i), (ii), (iii), (iv)
B
(iv), (i), (ii), (iii)
C
(i), (iii), (ii), (iv)
D
(i), (iv), (iii), (ii)
Solution
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The process of developing effective business plans of starting new venture in the proper order is:
1. Identification and evaluation of opportunity.
2. Development of business plans
3. Determination of business plan
4.Management of resulting enterprise

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