Bhuvan,’ Rishabh and Piyush have decided to start a business of manufacturing toys. They identified the following main activities which they have to perform.
(i) Purchase of raw material
(ii) Purchase of machinery
(iii) Production of toys
(iv) Arrangement of finance ,
(v) Sale of toys
(vi) Selection of employees
In order to facilitate the work, they thought that four managers should be appointed to look after production, finance, marketing and personnel.
(i) Identify the function of management involved in the above para.
(ii) Quote the lines from the above para which helps you to identify this function.
(iii) State the steps followed in this process.