Correct option is D
The process logically begins with Innovative idea generation (C). Every business originates from a creative and innovative idea related to a product or service that fulfills market needs or solves a problem. Without an idea, no entrepreneurial activity can begin.
Next comes Environmental scanning (B). At this stage, the entrepreneur analyzes the internal and external environment—such as market demand, competition, resources, strengths, weaknesses, opportunities, and threats—to assess whether the idea has potential.
After scanning the environment, the entrepreneur conducts a Feasibility analysis (E). This step determines whether the proposed business idea is technically, financially, commercially, and operationally viable. It helps in identifying risks before committing resources.
Once feasibility is established, Project report preparation (D) is undertaken. The project report acts as a blueprint of the business, detailing objectives, investment requirements, production plans, marketing strategies, and financial projections.
Finally, Evaluation, control and review (A) are continuous steps that help in monitoring performance, correcting deviations, and ensuring that business goals are achieved efficiently.
Thus, option (d) is the most accurate and logically correct answer.
Information Booster:
· Idea generation is the foundation of entrepreneurship.
· Environmental scanning reduces uncertainty and risk.
· Feasibility analysis prevents failure due to poor planning.
· Project report is essential for funding and implementation.
· Evaluation and control ensure sustainability and growth.
English
50 Questions
100 Marks
60 Mins
