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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning5 Marks
Question
How is production plan helpful?
OR
A production plan helps to plan the work in such a manner that one can clearly form an idea about which aspects?
✓

Answer

A production plan helps to plan the work in such a manner that one can clearly form an idea about:
  1. Production schedule and/ or Budget.
  2. Machinery, equipment requirement.
  3. Manufacturing method and process involved.
  4. Plant layout.
  5. Time, motion and work study.
  6. Manpower requirement.
  7. Inventory requirement.

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