Smita is into business of production & sale of candles. She has to decide the quantity, varieties, colour of candle to be produced and prepare the list of suppliers fro procurement of raw material. Name the function of management that is performed by Smita.

Planning

The correct answer is option (1) : Planning

The function of management performed by Smita in deciding the quantity, varieties, colors of candles to be produced, and preparing the list of suppliers for procurement of raw materials is Planning.

In this scenario, Smita is engaged in the planning function of management, where she is making decisions about what needs to be done, how it should be done, and what resources are required for her business, including the production of candles and the procurement of raw materials.