10+ IKEA Interview Questions and Answers

To calculate the P&L of a restaurant, you need to subtract the total expenses from the total revenue generated.

• Calculate the total revenue by adding up all the sales from food, beverages, and other sources.

• Calculate the total expenses by adding up all the costs incurred, including food and beverage costs, labor costs, rent, utilities, and other overhead expenses.

• Subtract the total expenses from the total revenue to get the profit or loss.

• Consider factors like inventory manage...read more

QSR stands for Quick Service Restaurant. It is a fast-paced industry that focuses on providing quick and convenient food service.

• QSRs are known for their fast service and convenience

• They typically offer a limited menu of popular items

• Examples include McDonald's, Subway, and KFC

• QSRs often use drive-thru windows to speed up service

• They may also offer delivery or mobile ordering options

Profit and loss statement shows financial performance, helps in decision making, and indicates areas for improvement.

• Profit and loss statement provides a snapshot of the financial performance of the cafe.

• It helps in identifying areas of profitability and areas where costs can be reduced.

• By analyzing the profit and loss statement, managers can make informed decisions to improve the financial health of the cafe.

• It also helps in setting realistic financial goals and monitoring p...read more

My previous company was a retail chain specializing in home goods.

• Previous company was a retail chain

• Specialized in home goods

• Managed a team of employees

• Implemented strategies to increase sales

• Ensured customer satisfaction

Brand is the perception and image of a product or service in the minds of consumers.

• Brand is the emotional and psychological connection that consumers have with a product or service.

• It is the sum total of all the experiences and interactions that a consumer has with a product or service.

• A strong brand can differentiate a product or service from its competitors and create loyalty among consumers.

• Examples of strong brands include Apple, Nike, and Coca-Cola.

There are three types of maintenance: corrective, preventive, and predictive.

• Corrective maintenance involves fixing a problem after it has occurred.

• Preventive maintenance involves regular maintenance to prevent problems from occurring.

• Predictive maintenance involves using data to predict when maintenance will be needed.

• Examples of maintenance tasks include replacing worn parts, lubricating machinery, and cleaning equipment.

I keep my shelf organized and well-stocked with necessary items.

• I regularly check and restock the shelf to ensure all items are available

• I maintain a neat and tidy arrangement of products on the shelf

• I use inventory management systems to track stock levels and reorder when necessary

Same KRA ensures consistency in performance evaluation and goal setting.

• KRA stands for Key Result Area, which is a set of measurable goals that an employee is expected to achieve.

• Having the same KRA for all employees in a particular role ensures that they are evaluated on the same criteria.

• It also helps in setting clear expectations and goals for the employees.

• For example, if all shift managers have the same KRA of reducing operational costs by 10%, they will all be working t...read more

Yes, as a Functional Consultant, I have a basic understanding of technical concepts related to the systems I work with.

• I have knowledge of system integrations and data migrations.

• I understand basic technical terms like APIs, databases, and programming languages.

• I can communicate effectively with technical teams to bridge the gap between business requirements and technical solutions.