Managing Finances for Event Planning Business
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Questions and Answers

What type of events is Karthik's company known for organizing?

  • Birthday parties and baby showers
  • Community fairs and art exhibitions
  • Concerts and sports events
  • Corporate events and weddings (correct)

    • What are the challenges faced by Karthik in managing his current bank account?

  • Delayed fund transfers, currency exchange limitations, and complex investment options
  • Restrictions on transactions, high fees, and frequent branch visits (correct)
  • Limited ATM withdrawals, low interest rates, and lack of online banking
  • Unpredictable account balance, insufficient customer support, and lack of mobile banking

    • How does Karthik frequently pay vendors?

  • Online transfers (correct)
  • Cash payments
  • Cheques
  • Credit card transactions

    • How much cash does Karthik sometimes receive from individual clients in a month?

    <p>Up to 40 lakhs</p> Signup and view all the answers

    What are the features that Karthik is seeking in a new bank account?

    <p>Unlimited transactions, higher cash deposits, and easy online banking</p> Signup and view all the answers

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