Question : What will be the Sundry debtors if, Debtor velocity = 6 months; Sales Rs.50,00,000; Bills receivable & bills payable were Rs.6,00,000 and Rs.36,667 respectively.
Option 1: Rs.19,00,000
Option 2: Rs.29,00,000
Option 3: Rs.25,00,000
Option 4: None of the above
Correct Answer: Rs.19,00,000
Solution : 6 = X/50,00,000 × 12
x = Account receivable = 25,00,000
Debtors + Bills receivable = Account receivable
x + 6,00,000 = 25,00000
x = Debtors = 19,00,000
Hence option 1 is the correct answer.
Answer laterQuestion : Assertion: Marketing management focuses on delivering customer value and satisfaction.
Reason: Marketing management is solely about increasing sales volume.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Solution : The correct answer is (b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
The assertion is true. Marketing management does indeed focus on delivering customer value and satisfaction. It involves understanding customer needs and preferences, developing products or services that meet those needs, and delivering value to customers to satisfy them and build long-term relationships.
The reason is not the correct explanation. The reason incorrectly states that marketing management is solely about increasing sales volume. While increasing sales volume is a goal of marketing management, it's not the sole focus. The primary focus is on understanding and meeting customer needs and delivering value, which naturally leads to increased sales volume through customer satisfaction and loyalty.
In summary, both the assertion and reason are true, but the reason is not the correct explanation of the assertion.
Question : Case Study:
ABC Sports Gear launches a contest where customers can win exclusive merchandise by participating in social media challenges. What sales promotion technique is being used here?
Option 1: Coupons
Option 2: Sweepstakes
Option 3: Free Samples
Option 4: Point-of-Purchase Displays
Correct Answer: Sweepstakes
Solution : The correct answer is (b) Sweepstakes .
In a sweepstakes, participants have a chance to win prizes or rewards by entering a contest or drawing. In this case, customers can win exclusive merchandise by participating in social media challenges, which aligns with the concept of a sweepstakes. Coupons, free samples, and point-of-purchase displays are also sales promotion techniques but are different from a sweepstakes.
Question : Statement 1: The marketing concept does not focuses on building customer relationships and creating value.
Statement 2: Selling concept emphasizes aggressive promotional activities to drive sales.
Option 1: Both statements are correct.
Option 2: Statement 1 is correct, and statement 2 is false.
Option 3: Both statements are incorrect.
Option 4: Statement 2 is correct, and statement 1 is incorrect.
Correct Answer: Statement 1 is correct, and statement 2 is false.
Solution : The correct answer is (d).Statement 1 is incorrect.
The marketing concept focuses on building customer relationships and creating value. It assumes that customers are more likely to buy products or services from companies that they perceive as offering value and satisfaction.
Statement 2 is correct. The selling concept emphasizes aggressive promotional activities to drive sales. It assumes that customers are not interested in buying products or services unless they are convinced to do so.
Question : Statement 1: Selling concept aims to build customer loyalty and long-term relationships.
Statement 2: Marketing concept solely focuses on achieving short-term sales goals.
Option 1: Both statements are correct.
Option 2: Statement 1 is correct, and statement 2 is false.
Option 3: Both statements are incorrect.
Option 4: Statement 2 is correct, and statement 1 is incorrect.
Correct Answer: Statement 1 is correct, and statement 2 is false.
Solution : The correct answer is (b) Statement 1 is correct, and statement 2 is false.
Statement 1 is incorrect. The selling concept primarily focuses on short-term sales and transactions rather than building customer loyalty and long-term relationships. It often involves aggressive sales tactics to close deals but may not prioritize long-term relationships.
Statement 2 is false. The marketing concept does not solely focus on achieving short-term sales goals. It emphasizes understanding customer needs and creating value for customers, aiming for long-term relationships and customer satisfaction.
Therefore, statement 1 is correct, and statement 2 is false.
Question : The SWOT analysis includes the evaluation of:
Option 1: Strengths, weaknesses, opportunities, and threats
Option 2: Sales, wages, operations, and taxes
Option 3: Suppliers, workers, objectives, and targets
Option 4: Structure, work environment, organization, and training
Correct Answer: Strengths, weaknesses, opportunities, and threats
Solution : The correct answer is (a) Strengths, weaknesses, opportunities, and threats.
The SWOT analysis is a strategic planning tool used to assess an organization's internal strengths and weaknesses, as well as external opportunities and threats. It involves identifying and analyzing the organization's positive attributes (strengths), areas for improvement (weaknesses), external factors that can be leveraged (opportunities), and external factors that pose risks or challenges (threats). The SWOT analysis provides insights that help in developing strategies to capitalize on strengths, address weaknesses, exploit opportunities, and mitigate threats.
Question : Questions : Business Finance and Its Meaning
Statement 1: Financial planning plays a vital role in allocating funds optimally.
Statement 2: Financial planning focuses solely on marketing and sales strategies.
Option 1: Statement 1 is true, and statement 2 is false.
Option 2: Statement 1 is false, and statement 2 is true.
Option 3: Both statements 1 and 2 are true.
Option 4: Both statements 1 and 2 are false.
Correct Answer: Statement 1 is true, and statement 2 is false.
Solution : The correct answer is (a) Statement 1 is true, and statement 2 is false.
Statement 1 is true. Financial planning plays a vital role in allocating funds optimally across various activities and departments within a business. It involves budgeting, investment decisions, risk management, and financial resource allocation to achieve organizational goals efficiently.
Statement 2 is false. Financial planning is not solely focused on marketing and sales strategies. While financial planning may encompass aspects related to marketing and sales budgeting, its scope is much broader, covering all financial aspects of a business, including budgeting for operations, investments, expansion, risk management, and more.
Question : Questions : Business Finance and Its Meaning
Statement 1: Financial planning plays a vital role in allocating funds optimally.
Statement 2: Financial planning focuses solely on marketing and sales strategies.
Option 1: Statement 1 is true, and statement 2 is false.
Option 2: Statement 1 is false, and statement 2 is true.
Option 3: Both statements 1 and 2 are true.
Option 4: Both statements 1 and 2 are false.
Correct Answer: Statement 1 is true, and statement 2 is false.
Solution : The correct answer is (a) Statement 1 is true, and statement 2 is false.
Statement 1 is true. Financial planning plays a vital role in allocating funds optimally across various activities and departments within a business. It involves budgeting, investment decisions, risk management, and financial resource allocation to achieve organizational goals efficiently.
Statement 2 is false. Financial planning is not solely focused on marketing and sales strategies. While financial planning may encompass aspects related to marketing and sales budgeting, its scope is much broader, covering all financial aspects of a business, including budgeting for operations, investments, expansion, risk management, and more.
Question : Find net value added at factor cost if:
i) Durable use producer goods with a life span of 10 years 10
ii) Single-use producer goods 5
iii) Sales 20
iv) Unsold output produced during a year 2
v) Taxes on production 1
Choose the correct alternative
Option 1: 14
Option 2: 15
Option 3: 18
Option 4: 20
Correct Answer: 15
Solution : The correct answer is (b) 15
To calculate the net value added at factor cost, we need to consider the following components:
1. Durable use producer goods with a life span of 10 years: This implies that the value of the durable goods is spread over 10 years. Since the value is given as 10, the annual value added would be 10/10 = 1.
2. Single-use producer goods: The value added from single-use producer goods is given as 5.
3. Sales: The value added from sales is given as 20.
4. Unsold output produced during a year: The value added from unsold output is given as 2.
5. Taxes on production: 1
Net value added at factor cost = Sales + Unsold output - Single-use producer goods - Durable use producer goods- Taxes on production
Net value added at factor cost = 20 + 2 - 5 - 1 - 1 = 15
