Mr. Ramesh wants to set up a business of cold drinks, but he is confused as to how to plan out the things. Being his/her good friend you are supposed to help him to put the following steps of the process of setting up a business in correct sequence.

A. Appraisal by funding agencies

B. Project commissioning and launch

C. Scanning the environment

D. Development of idea

E. Assessment of feasibility of the idea and preparation of a business plan

Choose the correct answer from the options given below :

C, D, E, A, B

The correct answer is option (3) : C, D, E, A, B