Arranging raw material and resources is part of which type of planning?
Answer and explanation
Correct answer: Resource planning
Resource planning identifies what inputs a venture needs, such as raw materials, equipment, labour, technology, money and workspace, and determines their quantity, timing and source. Arranging these inputs is therefore part of resource planning. Option A is correct; entertainment, confusion and copying are not recognised categories for organising business inputs.
Frequently asked questions
What is the correct answer to this question?
Resource planning
Why is this the correct answer?
Resource planning identifies what inputs a venture needs, such as raw materials, equipment, labour, technology, money and workspace, and determines their quantity, timing and source. Arranging these inputs is therefore part of resource planning. Option A is correct; entertainment, confusion and copying are not recognised categories for organising business inputs.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
