Question

Expansion project helps in

• A. Supplementing the existing resources
• B. Capturing supply of critical inputs
• C. Encashing additional opportunities
• D. None of these

Hint:

Expansion project = Increase in resources and scale of operations.

Answer 1

The Correct Option is A

Step 1: Meaning of expansion project.
An expansion project refers to activities that increase the scale of operations by adding capacity, resources, or facilities.
Step 2: Role of expansion.
Expansion projects aim to utilize existing resources more efficiently and increase the production base.
For example, adding new machinery to an existing plant supplements the current resources.
Step 3: Option analysis.
- (A) Supplementing resources: Correct, expansion increases and strengthens available resources.
- (B) Capturing supply of inputs: Related to procurement, not expansion.
- (C) Encashing opportunities: Secondary, not the direct aim.
- (D) None of these: Wrong, since (A) is right.
Step 4: Conclusion.
Expansion projects mainly help in supplementing existing resources.