Fiat India Automobiles Assistant Manager Interview Questions and Answers for Experienced

Q1. Question on General Procurement process, Vendor Development , Strategic Sourcing.
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Q1. Vendor Development, costing, strategic sourcing
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Costing , negotiation

Q1. Previous work experience
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I have 5 years of experience in retail management, overseeing a team of 15 employees.
• Managed daily operations and ensured smooth functioning of the store

• Trained and supervised staff members to improve customer service

• Implemented sales strategies to increase revenue

• Handled inventory management and merchandising

• Resolved customer complaints and issues effectively
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Q1. Future plans , Salary negotiation
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Q1. What are basis of allocation of costs?
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Basis of allocation of costs refers to the methods used to distribute costs among different departments or products.
• Cost drivers are used to allocate costs based on the factors that drive the costs, such as machine hours, labor hours, or square footage.

• Direct allocation involves assigning costs directly to a specific department or product.

• Step-down allocation involves allocating costs in a sequential manner, starting w...read more
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Q2. How is the budget done?
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Q3. What are the elements of FC & VC?
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FC stands for Fixed Costs and VC stands for Variable Costs. Both are important elements in cost accounting.
• Fixed Costs (FC) are costs that remain constant regardless of the level of production. Examples include rent, salaries, insurance.

• Variable Costs (VC) are costs that vary with the level of production. Examples include raw materials, direct labor, utilities.

• Total cost = Fixed Costs + Variable Costs.

• Understanding FC ...read more
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Q1. How will you arrive at net profit?
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Net profit is calculated by subtracting total expenses from total revenue.
• Calculate total revenue by adding up all sales and other income

• Deduct total expenses including cost of goods sold, operating expenses, and taxes

• Net profit = Total revenue - Total expenses

• Monitor and analyze profit margins to identify areas for improvement
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Q1. Tell me about your family background?
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Q2. Tell me about your past experience?
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Q1. Tell me about your family?
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Q2. Tell me about achievements?
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