Arrange the process of setting up a business in the correct sequence.
(A) Assessment of feasibility of the idea
(B) Development of product
(C) Project commissioning and launch
(D) Appraisal by the funding agencies
Choose the correct answer from the options given below:
Arrange the process of setting up a business in the correct sequence.
(A) Assessment of feasibility of the idea
(B) Development of product
(C) Project commissioning and launch
(D) Appraisal by the funding agencies
Choose the correct answer from the options given below:
Solution
Option 1 -> (A), (B), (C), (D): This sequence launches the project before securing funding from agencies, which is impractical for most businesses.
Option 2 -> (D), (C), (B), (A): This completely reverses the logical flow, starting with funding appraisal before even having a product or feasibility study.
Option 3 -> (B), (A), (D), (C): This follows a logical progression - develop initial product concept, assess its feasibility, secure funding through appraisal, and finally commission and launch.
Option 4 -> (C), (B), (D), (A): This illogically starts with project launch before any development or planning has occurred.
Hence, Option 3: (B), (A), (D), (C) -> The correct sequence is Development of product → Assessment of feasibility → Appraisal by funding agencies → Project commissioning and launch. This represents the natural business setup flow: first creating the product concept, then validating its feasibility, obtaining necessary funding, and finally launching the business → correct
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