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Atul and Vijay had co-founded the Startup Dum Duma Dum to sell the Packaged Mughlai food items. During the year they asked  Adir to joined their business. before joining Adir wanted to be clear of his role in the business  So he asked about the Administrative structure of the venture. Which h of the following Element of the Business plan will be provided Adir the required information?
  • a)
    Business Venture
  • b)
    Marketing Plan
  • c)
    Organised plan
  • d)
    Production Plan
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Atul and Vijay had co-founded the Startup Dum Duma Dum to sell the Pac...
The correct answer is option 'C) Organized plan'.

Explanation:
When Adir asked about the administrative structure of the venture, he was essentially asking for information about how the business is organized and structured. This information would be provided in the organized plan of the business.

The organized plan is a key element of the business plan that outlines the structure and organization of the venture. It includes details about the management team, roles and responsibilities, reporting lines, and decision-making processes within the business.

By reviewing the organized plan, Adir will be able to understand the hierarchy and structure of the business, including his role and responsibilities within the venture. This information is crucial for Adir to make an informed decision about joining the business and understanding his position within it.

The organized plan also helps in providing clarity and transparency to all stakeholders involved in the business. It ensures that everyone is aware of their roles and responsibilities, leading to better coordination and efficient decision-making.

Additionally, the organized plan also helps in identifying any potential gaps or overlaps in roles and responsibilities, allowing the founders to make necessary adjustments and ensure a smooth functioning of the business.

In summary, the organized plan of the business provides Adir with the required information about the administrative structure of the venture. It outlines the roles, responsibilities, and reporting lines within the business, enabling Adir to understand his position within the organization and make an informed decision about joining the business.
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Atul and Vijay had co-founded the Startup Dum Duma Dum to sell the Packaged Mughlai food items. During the year they asked Adir to joined their business. before joining Adir wanted to be clear of his role in the business So he asked about the Administrative structure of the venture. Which h of the following Element of the Business plan will be provided Adir the required information?a)Business Ventureb)Marketing Planc)Organised pland)Production PlanCorrect answer is option 'C'. Can you explain this answer?
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