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 focuses on a specific functional area:
(1) Production Plan – (ii): Describes conversion of raw materials into finished goods.
(2) Operational Plan – (iii): Deals with organizing production activities.
(3) Organizational Plan – (i): Explains ownership and business structure.
(4) Marketing Plan – (iv): Defines promotional strategies and marketing goals. Hence, the correct option is (B).