2. If you are supposed to start a dairy business, consider it as a project, and explain the steps involved in it?
First, we need to forecast the amount of milk that we need to sell per month or an annum. For that purpose, we need to consider the available resources like capital, number of cows or buffaloes through which we can get the milk, and how far they are able to give the milk that can be measured in liters. Then we need to search for the customers like surveying the people regarding their utilization based on the family size of each house. Then represent all the data in a tabular form and estimate the results by calculating the average or mean for the data. Now we can observe the findings like if the requirement is 80 liters, we need to produce 100 liters of milk and the expenses may be 1 lakh rupees, and the earnings may come 120,000 rupees wherein the profit is 20,000 per month if everything goes well.