OM Logistics Credit Controller Interview Questions, Process, and Tips

My Group discussion topic was working women vs housewife

Q1. What do you mean by demand,need and want
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Q2. What do you mean by PLC
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PLC stands for Public Limited Company, a type of company that offers shares to the public and has limited liability.
• PLC is a type of company that is owned by shareholders and offers shares to the public.

• PLCs have limited liability, meaning that the shareholders are only liable for the amount they have invested in the company.

• PLCs are required to have a minimum share capital before they can start trading.

• Examples of PLC...read more
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Q3. Can you explain growth stage, maturity stage and decline stage
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Growth stage is when a company experiences rapid revenue and profit increases, maturity stage is when growth stabilizes, and decline stage is when revenue and profit start to decrease.
• Growth stage: rapid revenue and profit increases, high demand for products/services, heavy investment in marketing and expansion

• Example: Start-up companies often experience growth stage as they establish themselves in the market

• Maturity s...read more
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Q4. Tell me the 7p's of marketing
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The 7 P's of marketing are product, price, place, promotion, people, process, and physical evidence.
• Product - the actual product or service being offered to customers

• Price - the amount customers pay for the product or service

• Place - the location where the product or service is sold or distributed

• Promotion - the marketing activities used to communicate the benefits of the product or service

• People - the employees and cus...read more
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Q5. What do you mean by physical evidence in 7p's of marketing
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Physical evidence in the 7Ps of marketing refers to tangible elements that customers can see, touch, or experience to evaluate a product or service.
• Physical facilities and equipment used to deliver the service, such as the appearance of a store or office

• Visual elements like packaging, branding, and signage that convey the quality and reliability of the product

• Customer testimonials, reviews, and case studies that provid...read more
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Q6. Make the journal entry of an account journal entry of purchase of 10000 ruppes paid 5000 cash and 3000 cheque and 2000 due
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Journal entry for purchase of 10000 rupees with 5000 cash, 3000 cheque, and 2000 due.
• Debit Purchase Account with 10000 rupees

• Credit Cash Account with 5000 rupees

• Credit Bank Account with 3000 rupees

• Credit Accounts Payable Account with 2000 rupees
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Q7. What is the current rate of GST
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The current rate of GST in India is 18%.
• The current rate of GST in India is 18%

• GST rates can vary by country and type of goods or services

• GST rates are subject to change based on government regulations
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