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:

(B), (A), (D), (C)

The correct answer is Option (3) → (B), (A), (D), (C)

• (B) Development of product → First, the entrepreneur develops a product based on an idea or innovation.

• (A) Assessment of feasibility of the idea → Next, the feasibility (technical, financial, market viability) is assessed.

• (D) Appraisal by the funding agencies → The project is then evaluated and approved by banks/investors for funding.

• (C) Project commissioning and launch → Finally, the business is launched and operations begin.