The different factors affecting the resources are as follows:
(i) Physical Resources : These resources comprise land, location, machines, instruments, equipments and raw material etc.
The following elements have their maximum impact on the resources:
(a) Location size and its cost. of land, the size
(b) The transport facility to access to the land, ambience of location, machines, instruments and equipments, their availability, their ty, cost, technique and time quality cost span for supply are important for consideration.
(c) The conditions for installing machinery, and its repairs etc.
(ii) Technical Resources: Technical resources refer to certain innovative techniques which must be used in present perspective. This technique is related t to production process, information, communication, operation of machine, etc. The modern and innovative techniques in terms of use minimise the cost of production, whereas the same time it leads to the improvised version of the product.
The following factors considerably effect this resource:
(a) An entrepreneur, is supposed to be well versed know-how or he must seek knowledge from expertise. in technical
(b) In the event of designing a product, its utility must be thought about.
(c) This is also to be seen that what kind of technician is required for which machine, is he available?
(ii) Human Resources: All the available resources are of little use unless mobilised by the human resources. As such, human resources is the most operative and active one.
Following are the factors to influence these resources:
(a) Determine the strength of employees according to the nature of project work.
(b) Appointment of skilled workers is done according to the work.
(c) Distribution or allotment of assignment is done on the basis of qualifications and abilities of the workers.
(iv) Financial Resources: Every kind of resource has an important role to play at its own without which the operation of any project is an inconceivable presumption but the financial resources are indispensable and have their distinct significance. Since it's like a magnet which attracts other resources to his side. Right since the inception to the final stage of operation and at every step in the his side process, the finance is needed and acts, like a life blood that keeps the process get going.
Following factors influence the financial resources:
(a) If the nature of business is commercial the small capital do and if it is a manufacturing unit .
(b) Larger the project , higher the capital, smaller the project lesser the capital is needed.
(c) If the business is labour-oriented, lesser capital and if it is technically - oriented, higher capital is needed.
