Match the Marketing Management philosophies given in Column I with their main focus given in Column II:
Column I | Column II |
1. Production concept | (i) Customers’ needs |
2. Product concept | (ii) Quality, performance and features of product |
3. Marketing concept | (iii) Customers’ needs and societal well-being |
4. Societal marketing concept | (iv) Quantity of product |
Choose the correct option from the following:
Bittu and Chintu were partners in a firm sharing profits and losses in the ratio of 4 : 3. Their Balance Sheet as at 31st March, 2024 was as follows:
Liabilities | Amount (₹) | Assets | Amount (₹) |
Capitals: | Fixed Assets | 15,40,000 | |
Bittu | 8,00,000 | Stock | 3,50,000 |
Chintu | 6,00,000 | Debtors | 1,40,000 |
General Reserve | 2,10,000 | Bank | 70,000 |
Creditors | 4,90,000 | ||
Total | 21,00,000 | Total | 21,00,000 |
On 1st April, 2024, Diya was admitted in the firm for 1⁄7 share in the profits on the following terms:
Prepare Revaluation Account and Partners’ Capital Accounts.