NSC Agricultural Management Practices Awareness of relevant legislation: Name and discuss the THREE main

Question

Name and discuss the THREE main types of resources that have to be considered when compiling a business plan.

1. **Human Resources**: This includes the personnel required to operate the business effectively. It encompasses not only the skills and expertise of the employees but also their motivation and well-being.

2. **Financial Resources**: These are critical for starting and maintaining the business. This includes fixed capital for infrastructure and working capital to cover day-to-day operations.

3. **Natural Resources**: These refer to the availability of land, water, and other materials essential for the production process and overall sustainability of the business.

Name and discuss the THREE main types of resources that have to be considered when compiling a business plan - NSC Agricultural Management Practices - Question 3 - 2021 - Paper 1

Worked Solution & Example Answer:Name and discuss the THREE main types of resources that have to be considered when compiling a business plan - NSC Agricultural Management Practices - Question 3 - 2021 - Paper 1

THREE main types of resources that have to be considered when compiling a business plan.

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