LivSpace Business Development Manager Interview Questions and Answers

I have over 5 years of experience in business development, including successfully securing new partnerships and increasing revenue.

• Managed a team to identify and pursue new business opportunities

• Developed and implemented strategies to increase sales and revenue

• Negotiated contracts and partnerships with key clients

• Utilized market research and analysis to identify growth opportunities

• Collaborated with cross-functional te

Product costing for new parts

• Determine the cost of raw materials and labor required for production

• Include overhead costs such as rent, utilities, and equipment maintenance

• Consider any additional costs such as shipping or packaging

• Compare the cost to market prices to ensure profitability

• Regularly review and adjust costing as needed

Zero based costing is a method of cost accounting that involves starting from scratch and justifying every expense.

• Zero-based costing requires a thorough analysis of all costs associated with a new part

• It involves starting from a zero base and justifying every expense

• This method is useful for identifying unnecessary costs and improving efficiency

• Example: A company wants to introduce a new product line and uses zero-bas...read more