M1xchange Business Development Manager Interview Questions and Answers

The sale ticket size refers to the average amount spent by customers on each transaction.

• Sale ticket size is an important metric to track as it helps in understanding customer spending habits.

• It can be calculated by dividing the total sales revenue by the number of transactions.

• For example, if a store has total sales revenue of $10,000 from 500 transactions, the sale ticket size would be $20.

Up selling is the practice of encouraging customers to purchase a higher-end product or additional items in order to increase sales.

• Understand the customer's needs and preferences to recommend relevant upgrades or add-ons

• Highlight the benefits of the higher-end product or additional items

• Offer package deals or discounts for purchasing multiple items

• Provide excellent customer service to build trust and increase likeliho...read more

Up selling is the practice of encouraging customers to purchase a higher-end product or additional items in order to increase sales and revenue.

• Understand the customer's needs and preferences to recommend relevant products or services

• Highlight the benefits and features of the higher-end product to justify the additional cost

• Offer package deals or discounts for purchasing multiple items together

• Provide excellent custome...read more

Sale-in refers to sales made to distributors or retailers, while sale-out refers to sales made to end customers. Sale-out is more challenging due to market competition and customer preferences.

• Sale-in: sales made to distributors or retailers for further distribution.

• Sale-out: sales made to end customers for consumption.

• Sale-out is more challenging due to market competition and customer preferences.

• Example: Selling smar...read more