Design Studio Business Development Manager Interview Questions and Answers

Product costing for new parts

• Determine the cost of raw materials and labor required for production

• Include overhead costs such as rent, utilities, and equipment maintenance

• Consider any additional costs such as shipping or packaging

• Compare the cost to market prices to ensure profitability

• Regularly review and adjust costing as needed

Zero based costing is a method of cost accounting that involves starting from scratch and justifying every expense.

• Zero-based costing requires a thorough analysis of all costs associated with a new part

• It involves starting from a zero base and justifying every expense

• This method is useful for identifying unnecessary costs and improving efficiency

• Example: A company wants to introduce a new product line and uses zero-bas...read more

ROI stands for Return on Investment, a financial metric used to evaluate the profitability of an investment.

• ROI is calculated by dividing the net profit of an investment by the initial cost of the investment and expressing it as a percentage.

• It helps in determining the efficiency and profitability of an investment.

• For example, if a company invests $1000 in a marketing campaign and generates $2000 in revenue, the ROI wo