LT Foods Business Development Officer Interview Questions and Answers for Experienced

E-commerce refers to buying and selling goods or services over the internet.

• Online transactions

• Digital payments

• Virtual storefronts

• Examples: Amazon, eBay, Shopify

Opportunity cost is the value of the next best alternative that is foregone when a decision is made.

• Opportunity cost is the benefit or value of something that must be given up to acquire or achieve something else.

• It helps in evaluating the trade-offs involved in decision-making.

• For example, if a company decides to invest in a new project, the opportunity cost could be the potential profits from investing in a different...read more

Break even point is the point at which total revenue equals total costs, resulting in neither profit nor loss.

• Break even point is calculated by dividing fixed costs by the contribution margin.

• It is the level of sales at which a business neither makes a profit nor incurs a loss.

• It helps in determining the minimum amount of sales needed to cover all costs.

• Break even analysis is important for businesses to make informed d...read more

My last company had a more traditional work style with strict hierarchies, while my new company promotes a more collaborative and innovative approach.

• Last company had strict hierarchies and a top-down management style

• New company encourages collaboration and innovation

• Last company focused on individual performance, while new company values teamwork and shared success

I took a break to focus on personal development and improve my skills.

• I wanted to enhance my knowledge and skills during that time

• I attended training programs and workshops to improve my sales techniques

• I took some time off to recharge and refocus on my career goals

Sales growth can be achieved through strategic planning, customer engagement, and effective marketing techniques.

• Identify target markets: Focus on specific demographics to tailor your sales approach. For example, targeting millennials for tech products.

• Enhance customer relationships: Use CRM tools to track interactions and improve service. For instance, follow up with customers post-purchase.

• Leverage digital marketing:...read more

The 10+2 scheme in the market refers to educational qualifications that enhance employability and skill development.

• The 10+2 scheme typically includes higher secondary education, which is crucial for job opportunities.

• Vocational courses under the 10+2 scheme can lead to specialized skills, e.g., ITI courses in plumbing or electrical work.

• Many companies prefer candidates with 10+2 qualifications for entry-level position...read more