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Future Group

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20+ Interview Questions and Answers

Updated 7 Aug 2024

Q1. How can increase sale in minimum footfall

Ans.

By improving visual merchandising, offering promotions, and enhancing customer experience.

  • Create eye-catching displays to attract customers

  • Offer discounts or bundle deals to incentivize purchases

  • Provide exceptional customer service to encourage repeat business

  • Utilize social media and email marketing to reach a wider audience

  • Host events or workshops to draw in potential customers

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Q2. How can advertising with minimum cost of expenses.

Ans.

Advertising with minimum cost can be achieved through social media, email marketing, and word-of-mouth.

  • Utilize social media platforms to promote the store and its products/services

  • Create and send out email newsletters to customers with promotions and updates

  • Encourage satisfied customers to spread the word and refer friends/family

  • Partner with local businesses or organizations for cross-promotion opportunities

  • Utilize free online directories and listings to increase visibility

  • Cr...read more

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Q3. How to keep material, compress the space, inventory accuracy, inward, outward, packing standardisation, man power, work ethics, staff welfare, security & vigilance, friendly atmosphere, helping each other & som...

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Ans.

To maintain material, space, inventory, packing, manpower, work ethics, staff welfare, security, and friendly atmosphere, we need to focus on standardization, training, communication, and continuous improvement.

  • Implement standard operating procedures for material handling, inventory management, packing, and security

  • Provide regular training to staff on work ethics, safety, and quality standards

  • Encourage open communication and feedback to improve processes and resolve issues

  • Pro...read more

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Q4. ready to go away anywhere in india

Ans.

Yes, I am ready to go anywhere in India for the job.

  • I am open to exploring new places and cultures.

  • I have traveled to different parts of India before and enjoyed the experience.

  • I am willing to relocate if required for the job.

  • I understand that as a Retail Store Manager, I may need to travel to different locations for work.

  • I am excited about the opportunity to work in different parts of India and learn from the diverse retail market.

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Q5. MCB full form elcb full form rccb full form and mccb full form ACB full form

Ans.

MCB - Miniature Circuit Breaker, ELCB - Earth Leakage Circuit Breaker, RCCB - Residual Current Circuit Breaker, MCCB - Molded Case Circuit Breaker, ACB - Air Circuit Breaker

  • MCB: Protects electrical circuits from overcurrents and short circuits

  • ELCB: Detects and protects against leakage current to prevent electric shock

  • RCCB: Provides protection against residual current and earth faults

  • MCCB: Offers protection against overloads, short circuits, and ground faults

  • ACB: Used for high...read more

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Q6. how to handel a full store

Ans.

Handling a full store requires effective management and delegation of tasks.

  • Prioritize tasks based on urgency and importance

  • Delegate responsibilities to capable employees

  • Ensure adequate staffing levels

  • Maintain clear communication with staff

  • Monitor inventory levels and restock as needed

  • Implement efficient store layout and organization

  • Provide excellent customer service to manage crowds

  • Stay calm and focused under pressure

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Q7. How to handle team shriknkage report what action will regarding short or excess stock

Ans.

Short or excess stock report should be handled by investigating the root cause and taking corrective actions.

  • Investigate the root cause of the short or excess stock

  • Identify any discrepancies in the inventory management system

  • Take corrective actions to prevent future occurrences

  • Implement measures to improve inventory accuracy

  • Communicate findings and actions to the team and management

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Q8. What is mean by FIFO, LIFO Process?

Ans.

FIFO and LIFO are inventory management methods. FIFO means First In First Out and LIFO means Last In First Out.

  • FIFO means the first items received are the first items sold or used

  • LIFO means the last items received are the first items sold or used

  • FIFO is commonly used for perishable goods

  • LIFO is commonly used for non-perishable goods

  • FIFO results in lower inventory holding costs

  • LIFO results in higher inventory holding costs

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Q9. Deep explanation about ethic wear

Ans.

Ethnic wear refers to traditional clothing that reflects the culture and heritage of a particular region or community.

  • Ethnic wear is often worn during festivals, weddings, and other special occasions.

  • It includes garments like sarees, salwar suits, lehengas, and sherwanis.

  • Ethnic wear varies greatly across different regions and countries.

  • It is characterized by intricate designs, vibrant colors, and unique patterns.

  • Ethnic wear promotes cultural identity and preserves traditional...read more

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Q10. what are the saleable items in this cabin

Ans.

We sell a variety of items including clothing, accessories, home decor, and electronics.

  • Clothing for men, women, and children

  • Accessories such as jewelry, handbags, and sunglasses

  • Home decor items like candles, picture frames, and decorative pillows

  • Electronics including smartphones, laptops, and headphones

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Q11. What is warehouse management?

Ans.

Warehouse management involves the efficient and effective control of all warehouse operations and processes.

  • It includes activities such as inventory management, order fulfillment, receiving and shipping goods, and optimizing storage space.

  • Warehouse management aims to ensure accurate inventory levels, minimize costs, and improve customer satisfaction.

  • It involves utilizing technology and software systems to track and manage inventory, automate processes, and analyze data for be...read more

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Q12. How to behave with customers

Ans.

Behaving with customers involves being respectful, attentive, and helpful.

  • Listen actively to their needs and concerns

  • Be patient and empathetic

  • Provide clear and accurate information

  • Offer assistance and solutions

  • Maintain a positive and friendly attitude

  • Resolve issues promptly and effectively

  • Follow up to ensure customer satisfaction

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Q13. how will increase the store sale

Ans.

By implementing effective marketing strategies and improving customer experience.

  • Conduct market research to identify customer needs and preferences

  • Develop targeted marketing campaigns to attract new customers

  • Improve store layout and product placement to enhance customer experience

  • Train staff to provide excellent customer service and upsell products

  • Offer promotions and discounts to incentivize purchases

  • Collaborate with local businesses and organizations to increase brand aware...read more

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Q14. what is interrupt latency..? what is a function pointer....?

Ans.

Interrupt latency is the time delay between the occurrence of an interrupt and the start of the routine that services the interrupt. A function pointer is a variable that stores the address of a function.

  • Interrupt latency is critical in real-time systems where timely response to events is important.

  • Interrupt latency can be reduced by optimizing the interrupt service routine.

  • Function pointers are commonly used in C and C++ programming languages.

  • Function pointers can be used to...read more

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Q15. How would you stack inventory?

Ans.

Inventory should be stacked based on product characteristics and accessibility.

  • Group products by size, weight, fragility, and expiration date.

  • Stack heavier and sturdier items at the bottom and lighter items on top.

  • Ensure accessibility by leaving aisles and walkways between stacks.

  • Use labeling and signage to identify products and their locations.

  • Regularly review and adjust inventory stacking to optimize space and efficiency.

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Q16. Line voltage phase voltage difference

Ans.

Line voltage is higher than phase voltage in three-phase power systems.

  • Line voltage is the voltage between any two phases in a three-phase power system.

  • Phase voltage is the voltage between any one phase and the neutral point.

  • In a balanced three-phase system, line voltage is √3 times higher than phase voltage.

  • For example, if the phase voltage is 120V, the line voltage would be 208V.

  • The phase voltage is used to rate the capacity of single-phase equipment, while line voltage is ...read more

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Q17. How will you manage inventory

Ans.

I will use a combination of sales data analysis, forecasting, and regular inventory audits to manage inventory effectively.

  • Analyze sales data to identify trends and adjust inventory levels accordingly

  • Forecast future demand based on past sales and upcoming promotions/events

  • Conduct regular inventory audits to ensure accuracy and identify any discrepancies

  • Implement a system for tracking inventory levels and reordering products when necessary

  • Collaborate with suppliers to ensure t...read more

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Q18. what is working Captial management

Ans.

Working capital management involves managing a company's current assets and liabilities to ensure efficient operations and financial health.

  • It focuses on optimizing the balance between current assets (cash, inventory, accounts receivable) and current liabilities (accounts payable, short-term debt)

  • Effective working capital management helps improve liquidity, reduce costs, and maximize profitability

  • Examples include implementing efficient inventory management systems, negotiatin...read more

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Q19. About difference between inward vs outward explain

Ans.

Inward refers to receiving while outward refers to sending.

  • Inward refers to the process of receiving goods, documents, or information from external sources.

  • Outward refers to the process of sending goods, documents, or information to external sources.

  • Inward and outward processes are commonly used in logistics, finance, and communication industries.

  • Examples of inward processes include receiving shipments, processing invoices, and answering customer inquiries.

  • Examples of outward...read more

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Q20. A force about 100 watts!

Ans.

The question is unclear and requires clarification.

  • Please provide more context or rephrase the question.

  • 100 watts is a unit of power, not force.

  • Without additional information, it is difficult to provide a meaningful answer.

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Q21. Sales in Number and top line and bottom line

Ans.

Sales figures in terms of number, top line and bottom line.

  • Number of sales refers to the quantity of products sold.

  • Top line sales refer to the total revenue generated from sales.

  • Bottom line sales refer to the profit made after deducting all expenses.

  • It is important to track all three metrics to understand the overall performance of sales.

  • For example, a company may have high top line sales but low bottom line sales due to high expenses.

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Q22. TELL U R QUALIFICATION

Ans.

I have a Bachelor's degree in Business Administration and 5 years of experience in retail management.

  • Bachelor's degree in Business Administration

  • 5 years of experience in retail management

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Q23. What is your CTC

Ans.

My current CTC is $80,000 per year.

  • My current CTC is $80,000 per year

  • I am open to discussing salary expectations during the interview process

  • I have experience negotiating salary packages in previous roles

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Q24. What is POS means

Ans.

POS stands for Point of Sale.

  • POS refers to the location where a transaction takes place, typically a retail store or a checkout counter.

  • It is also used to describe the hardware and software systems used to process sales transactions.

  • POS systems can include cash registers, barcode scanners, receipt printers, and software for inventory management and sales reporting.

  • Examples of POS systems include Square, Shopify, and QuickBooks Point of Sale.

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Q25. What is the retail

Ans.

Retail refers to the sale of goods or services to consumers through various channels such as physical stores, online platforms, or direct selling.

  • Retail involves the process of buying and selling products or services to end consumers.

  • It includes activities such as merchandising, marketing, inventory management, and customer service.

  • Retail can take place through different channels like brick-and-mortar stores, e-commerce websites, mobile apps, or even vending machines.

  • Examples...read more

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Q26. Difference between SQL /NON SQL

Ans.

SQL is a structured query language used for relational databases, while NoSQL is a non-relational database management system.

  • SQL is used for structured data with predefined schema, while NoSQL is used for unstructured or semi-structured data.

  • SQL databases are vertically scalable, while NoSQL databases are horizontally scalable.

  • SQL databases are ACID compliant, ensuring data integrity, while NoSQL databases sacrifice some of these properties for scalability and flexibility.

  • Exa...read more

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