Chemistry, asked by Joshi4356, 11 months ago

Explain the elements of project formulation.

Answers

Answered by vgsharma0742
1

Answer:

Selection of Appropriate Technology: Modern technologies developed in advanced countries may not be suitable for adopting in the developing countries.

Resource Mobilization.

Non-Availability of Technically Qualified Personnel.

Absence of External Economies: A project has to depend upon other industries for the supply of raw material, power, spares, etc,

Knowledge About Government Regulations: The entrepreneur must have a piece of thorough knowledge about Government regulations, policies, licensing procedures, etc.

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