ElasticRun Interview Questions, Process, and Tips

The Company business method refers to the approach or strategy used by the company to achieve its goals and objectives.

• The method may involve a focus on customer satisfaction and building long-term relationships.

• It may also involve a strong emphasis on innovation and staying ahead of competitors.

• The method may include a combination of marketing, sales, and customer service tactics.

• Examples of business methods include l...read more

Company T&C refers to the terms and conditions that govern the relationship between the company and its customers or employees.

• Company T&C outlines the rules and regulations that must be followed by all parties involved.

• It covers areas such as payment terms, delivery schedules, warranties, and liabilities.

• Customers must agree to the T&C before making a purchase, while employees must adhere to them as a condition of emp...read more

I currently deal with 5 distributors.

• I have established relationships with 5 reliable distributors.

• I regularly evaluate and compare prices and services offered by these distributors.

• I am open to exploring new distributors if they can offer better value for money.

• I prioritize working with distributors who have a strong track record of timely delivery and quality products.

• I maintain clear communication channels with all ...read more

The top companies in terms of market share vary by industry and region.

• Market share is the percentage of total sales in a particular industry that a company holds.

• The top companies in terms of market share can change over time due to various factors such as competition, innovation, and mergers/acquisitions.

• For example, in the smartphone industry, Samsung and Apple are the top companies in terms of market share, while i...read more

SKU stands for Stock Keeping Unit, a unique identifier for a product used in inventory management.

• SKU is a code assigned to a specific product for inventory tracking purposes

• It helps in identifying and managing stock levels of a product

• SKUs can be alphanumeric and can include information such as color, size, and style

• Example: Nike Air Max 90 - SKU: NAM90-BLK-9.5

• SKUs are used in retail, e-commerce, and manufacturing ind

Distributors margin is higher than wholesalers margin due to added value and services provided.

• Distributors provide additional services like marketing, sales, and logistics which increase their margin

• Wholesalers only provide storage and distribution services

• Distributors have a closer relationship with manufacturers and can negotiate better prices

• Distributors have a larger customer base and can offer volume discounts

• Exa...read more