Ideabright Infotech AM - Finance & Accounts Interview Questions and Answers for Experienced

Sales cycle refers to the process of selling a product or service from start to finish.

• It includes prospecting, lead generation, qualification, presentation, objection handling, closing, and follow-up.

• The length of the sales cycle can vary depending on the complexity of the product or service being sold.

• Understanding the sales cycle is important for businesses to optimize their sales process and improve their bottom li...read more

Consignment stock refers to goods that are sent by a supplier to a retailer, but the supplier retains ownership until the goods are sold to the end customer.

• The supplier retains ownership of the goods until they are sold to the end customer

• The retailer does not pay for the goods until they are sold

• The supplier may take back any unsold goods

• Consignment stock can help retailers manage inventory and reduce risk

• Examples in...read more

ITIL is a framework for IT service management that provides best practices for aligning IT services with business needs.

• ITIL is a set of practices for IT service management

• It provides guidelines for aligning IT services with business needs

• ITIL covers various aspects of IT service management such as service design, service transition, service operation, and continual service improvement

• ITIL is widely used in organizatio...read more