Correct Answer: 12 times

Solution : Answer = 12 times

Inventory Turnover Ratio = Cost of goods sold/Average Inventory

$\begin{gathered}\Rightarrow \quad 4,80,000 /40,000 \\ =12 \text { times }\end{gathered}$

Cost of goods sold = Sales - G.P

$x=6,00,000-\frac{x}{4}$

$\begin{aligned} 5 x & =6,00,000 \times 4 \\ x & =4,80,000\end{aligned}$

Cost of goods sold = 4,80,000

Average Inventory 

$\begin{aligned} & =\frac{28000+58000}{2} \\ & =80,000 / 2 \\ & =40,000\end{aligned}$
Hence, the correct option is 4.

Correct Answer: Rs 22,000

Solution : Answer = Rs 22,000

A's Share of Profit
= $\frac{60,000}{4,00,000}\times 3,30,000 = 49500\times\frac{4}{9}$
= $22000$
Hence, the correct option is 4.

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.

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.

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.

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.

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.

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.

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.