Practicing Success
Practicing Success
CUET Preparation Today
| Piyush and Ramesh are engaged in wholesale business of pulses. They buy pulses directly from farmers in bulk and sell in small lots to the retailers. Both of them know their roles and responsibilities. They have also laid down the procedure for solving conflicts between them, if any. All the above information is described in an important component of a business plan. The component is ________________. |
Production plan Operational plan Organizational plan Manpower plan |
| Organizational plan |
| The organizational plan is that part of the business plan that describes the proposed venture's opted from of ownership adequately mentioning: i) the terms and conditions associated with the selected form ii) lines of authority and responsibility of members of the new venture iii) the names, designation, addresses and resumes of the members iv) stake of members in the organisation v) roles and responsibilities of each member vi) procedure for solving conflicts/disputes amongst members vii) forms of payment for the members of the organisation viii) voting rights, managerial and controlling rights of the members. |
