ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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setting objective
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selecting an alternative
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evaluating alternative
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implementing the plan
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Detailed explanation-1: -This step is concerned with “DOING WHAT IS REQUIRED”. In this step, managers communicate the plan to the employees clearly to help convert the plans into action. This step involves allocating the resources, organising for labour and purchase of machinery.
Detailed explanation-2: -Answer: Setting objectives. Explanation: The correct answer is option – (c) Setting objectives.
Detailed explanation-3: -Planning is a step by step process. The first step in planning process is analysing the environment. Firstly, a proper check or we can say deep observation should be made about the requirement of the environment.
Detailed explanation-4: -2.1 1] Recognizing Need for Action. 2.2 2] Setting Objectives. 2.3 3] Developing Premises. 2.4 4] Identifying Alternatives. 2.5 5] Examining Alternate Course of Action. 2.6 6] Selecting the Alternative. 2.7 7] Formulating Supporting Plan. 2.8 8] Implementation of the Plan.