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

• A. (i), (ii), (iii), (iv)
• B. (iv), (i), (ii), (iii)
• C. (i), (iii), (ii), (iv)
• D. (i), (iv), (iii), (ii)

Answer 1

The correct option is C (i), (iii), (ii), (iv)

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