Aman, Avneesh and Amrish have decided to start a business of manufacturing toys. They identified the following main activities which they have to perform:

• Purchase of raw materials                                                                             (5 MARKS)
• Purchase of machinery
• Production of toys Arrangement of finance
• Sales of toys Identifying the areas where they can sell their toys
• Selection of employees
• In order to facilitate the work, they thought that four managers should be appointed to look after (a) production (b) finance (c) marketing (d) personnel.
• Identify the function of management involved in the above mentioned para.
• Quote the lines from the above para which help you to identify this function.
• State the steps followed in the process of this function of management.