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:

S. No.	Column I (Business Plan)	Column II (Meaning)
(1)	Production Plan	Transformation of raw material into finished product using energy, capital, manpower and machinery.
(2)	Operational Plan	Organising the movement of material, performance of machines and labour operations.
(3)	Organizational Plan	Describes the proposed venture’s form of ownership.
(4)	Marketing Plan	Provides guidelines regarding marketing objectives, strategies and activities.

• A. (1)-(iv), (2)-(i), (3)-(iii), (4)-(ii)
• B. (1)-(ii), (2)-(iii), (3)-(i), (4)-(iv)
• C. (1)-(i), (2)-(iv), (3)-(ii), (4)-(iii)
• D. (1)-(iii), (2)-(ii), (3)-(iv), (4)-(i)

Answer 1

The Correct Option is B

Each component of a business plan addresses a distinct functional area:
(1) Production Plan – (ii): Outlines the transformation of raw materials into finished products.
(2) Operational Plan – (iii): Manages the organization of production activities.
(3) Organizational Plan – (i): Details ownership and the business's structure.
(4) Marketing Plan – (iv): Specifies marketing objectives and promotional tactics. Therefore, the correct choice is (B).