Tata 1mg Business Development Manager Interview Questions and Answers

Sales variances refer to differences between actual sales and expected sales, with types including price, quantity, and mix variances.

• Sales variances are used to analyze the differences between actual sales and budgeted or expected sales.

• Price variances occur when the selling price differs from the expected price, impacting revenue.

• Quantity variances arise when the actual quantity sold differs from the budgeted quantit...read more

Handling situations involves staying calm, assessing the problem, communicating effectively, and finding a solution.

• Stay calm and composed to think clearly

• Assess the situation by gathering information and understanding the root cause

• Communicate effectively with all parties involved to ensure clarity and collaboration

• Find a solution by brainstorming options, evaluating risks, and making a decision

• Follow up to ensure the...read more

Educating others involves effective communication, providing resources, and being a role model.

• Communicate clearly and effectively to ensure understanding

• Provide relevant resources such as training materials or workshops

• Lead by example and demonstrate the desired behavior or skills

• Encourage questions and feedback to promote learning and understanding

New technology can be applied by conducting research, training employees, implementing gradually, and seeking feedback.

• Conduct research to understand the technology and its potential benefits.

• Train employees on how to use the new technology effectively.

• Implement the new technology gradually to minimize disruptions.

• Seek feedback from employees and stakeholders to make necessary adjustments.

• Examples: implementing a new C...read more

Different manufacturing processes and costing involve understanding various methods of production and their associated costs.

• Different manufacturing processes can include batch production, mass production, and job production.

• Each process has its own cost structure, including direct materials, direct labor, and overhead costs.

• Understanding the costing methods such as job order costing, process costing, and activity-base...read more

There are currently X brands in connection.

• The exact number of brands in connection may vary depending on the context.

• It is important to clarify what is meant by 'in connection' - does it refer to partnerships, sponsorships, or something else?

• Examples of brands that may be in connection include Nike, Coca-Cola, and Apple.

• Without more information, it is difficult to provide a precise answer to this question.