Question

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)	Column II (Meaning)
(1) Production Plan	(i) That part of the business plan that describes the proposed venture’s form of ownership.
(2) Operational Plan	(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.
(3) Organizational Plan	(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.
(4) Marketing Plan	(iv) That part of the business plan which provides guidelines regarding the marketing objectives, strategies and activities to be followed by the new enterprise.

Options

• (1) - (iv), (2) - (i), (3) - (iii), (4) - (ii)

• (1) - (ii), (2) - (iii), (3) - (i), (4) - (iv)

• (1) - (i), (2) - (iv), (3) - (ii), (4) - (iii)

• (1) - (iii), (2) - (ii), (3) - (iv), (4) - (i)

Answer 1

(1) - (ii), (2) - (iii), (3) - (i), (4) - (iv)

Explanation:

Column I (Business Plan)	Column II (Meaning)
(1) Production Plan	(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.
(2) Operational Plan	(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.
(3) Organizational Plan	(i) That part of the business plan that describes the proposed venture’s form of ownership.
(4) Marketing Plan	(iv) That part of the business plan which provides guidelines regarding the marketing objectives, strategies and activities to be followed by the new enterprise.