Comprehension
Read the following passage and answer the question.
Rajesh, Sudhir and Ananya are friends. They all belong to wealthy families. One day they decided to create an organisation to provide equity capital to entrepreneurs as seed capital or for growth. They decide to share the profits equally.
One day Rahul came to their office with a PPT and presented a oral narrative of his idea. The three friends were very happy and decided to provide him for 15% share of his company.
Rahul set up his organization by the name of 'Organico Ltd.' Rahul was selling ceramic cups and plates. Since the competition in the market was high, Rahul decided to set a price lower than the market price to attract new customers. He selected a long distribution channel as his product was durable. Fixed wests for the organisation is ₹12,90,000 per year. He sold 60,000 cups @ ₹20 per unit and 1,40,000 plates @ ₹25 per unit. The variable cost on cups was ₹8 per unit and ₹10 for plates.
Rajesh, Sudhir and Ananya are friends. They all belong to wealthy families. One day they decided to create an organisation to provide equity capital to entrepreneurs as seed capital or for growth. They decide to share the profits equally.
One day Rahul came to their office with a PPT and presented a oral narrative of his idea. The three friends were very happy and decided to provide him for 15% share of his company.
Rahul set up his organization by the name of 'Organico Ltd.' Rahul was selling ceramic cups and plates. Since the competition in the market was high, Rahul decided to set a price lower than the market price to attract new customers. He selected a long distribution channel as his product was durable. Fixed wests for the organisation is ₹12,90,000 per year. He sold 60,000 cups @ ₹20 per unit and 1,40,000 plates @ ₹25 per unit. The variable cost on cups was ₹8 per unit and ₹10 for plates.
Question: 1
Identify the source of finance used by Rahul when he went to Rajesh, Sudhir and Ananya.
Identify the source of finance used by Rahul when he went to Rajesh, Sudhir and Ananya.
Updated On: Apr 17, 2024
- Angel investors
- Venture capital
- Primary market
- Secondary market
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The Correct Option is B
Solution and Explanation
The correct option is(B): Venture capital
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Question: 2
Calculate the total calles by Rahul for cups and plates sold:
Calculate the total calles by Rahul for cups and plates sold:
Updated On: Apr 17, 2024
- 12,19,000
- 28,20,000
- 18,80,000
- 47,00,000
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The Correct Option is D
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The correct option is(D): 47,00,000
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Question: 3
Calculate total variable cost of producing cups and plates?
Calculate total variable cost of producing cups and plates?
Updated On: Apr 17, 2024
- 15,20,000
- 18,80,000
- 17,20,000
- 10,00,000
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The Correct Option is B
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The correct option is(B): 18,80,000
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Question: 4
Calculate the Contribution margin of Organico Ltd. :
Calculate the Contribution margin of Organico Ltd. :
Updated On: Apr 17, 2024
- 28,20,000
- 10,00,000
- 50,000
- 40,000
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The Correct Option is A
Solution and Explanation
The correct option is(A): 28,20,000
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Question: 5
Identify the factor responsible behind the selection of a longer channel of distribution:
Identify the factor responsible behind the selection of a longer channel of distribution:
Updated On: Apr 17, 2024
- Market related
- Product related
- Company related
- Government related
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The Correct Option is B
Solution and Explanation
The correct option is(B): Product related
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Question: 6
Which pricing strategy is used by Rahul to price his products.
Which pricing strategy is used by Rahul to price his products.
Updated On: Apr 17, 2024
- Cost plus price
- Penetrating price
- Variable price
- Creaming price
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The Correct Option is B
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The correct option is(B): Penetrating price
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Question: 7
Identify the quality of a brand name ignored by Rahul :
Identify the quality of a brand name ignored by Rahul :
Updated On: Apr 17, 2024
- Short
- Linked to product
- Noticable
- Easy to remember
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The Correct Option is B
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The correct option is(B): Linked to product
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Question: 8
Identify the form of business organisation created by Rahul:
Identify the form of business organisation created by Rahul:
Updated On: Apr 17, 2024
- Private limited
- Partnership
- Sole proprietorship
- Co-operative society
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The Correct Option is A
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The correct option is(A): Private Limited
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Question: 9
Calculate the Net Income of the organisation:
Calculate the Net Income of the organisation:
Updated On: Apr 17, 2024
- 15,30,000
- 11,20,000
- 12,90,000
- 9,00,000
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The Correct Option is A
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The correct option is(A): 15,30,000
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Question: 10
Identify the format of business plan presented by Rahul in front of Rajesh, Sudhir and Ananya.
Identify the format of business plan presented by Rahul in front of Rajesh, Sudhir and Ananya.
Updated On: Apr 17, 2024
- An internal operational plan
- A written presentation for external stakeholders
- A pitch deck with oral narrative
- Elevator pitch
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The Correct Option is C
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The correct option is(C): A pitch deck with oral narrative
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