EFKON INDIA Product Manager Interview Questions and Answers

Q1. What is Product Life Cycle
Ans. 
Product Life Cycle is the stages a product goes through from introduction to decline.
• Introduction: Product is launched into the market.

• Growth: Sales and profits increase as product gains popularity.

• Maturity: Sales peak and competition intensifies.

• Decline: Sales decrease as product becomes outdated.

• Examples: iPhone (Introduction), Coca-Cola (Maturity), Blackberry (Decline)
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Q2. What is Go To Market stratergy
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Go To Market strategy is a plan outlining how a company will bring a product to market and reach its target customers.
• Identifying target market and customer segments

• Determining pricing and positioning strategies

• Creating marketing and sales plans

• Setting distribution channels

• Launching the product and monitoring performance
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Q1. Your Experience working for Cross Countries
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Q1. Share your work experience.
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Q2. Tell me something about yourself.
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Q1. Inventory management
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Q2. Audit report
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Q1. Why do you want to work at Wipro
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Q2. Wipro is a huge MNC company and would make me incredibly proud to work in a conglomerate like this.this is an amazing company and most of employees that I have come across have only good things to say abou...read more
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Q1. Challenges faced during launching product
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Challenges faced during product launch include market competition, timing issues, and budget constraints.
• Market competition can make it difficult to stand out and attract customers.

• Timing issues may arise if the product is launched too early or too late in the market.

• Budget constraints can limit the resources available for marketing and distribution.

• Regulatory hurdles and unexpected technical issues can also pose chall
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Q1. Discusson your previous exp.
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I have 5 years of experience in product management, leading cross-functional teams to launch successful products.
• Led cross-functional teams to launch 3 new products in the past year

• Implemented agile methodologies to improve product development process

• Collaborated with marketing and sales teams to create successful go-to-market strategies
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Random case study related to your real time products

Q1. Final discussion
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Q1. About the present project , some
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Application improvement . Software development cycle.

Q1. About company , family details
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Q1. Lifecycle of product
Ans. 
The lifecycle of a product refers to the stages it goes through from development to decline.
• Introduction/Development stage - Research, design, and development of the product.

• Growth stage - Sales and market share increase as product gains traction.

• Maturity stage - Sales peak and competition intensifies.

• Decline stage - Sales decrease as product becomes outdated or replaced.

• Extension stage - Strategies to prolong the prod
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Q2. Gtm strategy market
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