Tech Mindsparc Innovations Interview Questions and Answers

Different types of glass fittings used in construction include spider fittings, patch fittings, glass clamps, and standoff fittings.

• Spider fittings are used to connect glass panels at various angles and are often used in glass facades.

• Patch fittings are used to secure glass panels to the structure and are commonly used in frameless glass doors.

• Glass clamps are used to hold glass panels in place within a frame or structure.

• Standoff fittings are used to create a gap between the...read more

I would increase sales by identifying new potential customers and building strong relationships with them.

• Conduct market research to identify potential customers

• Develop targeted marketing campaigns to reach new customers

• Offer promotions or discounts to incentivize new customers to try our products

• Provide excellent customer service to build loyalty and encourage repeat business

• Collaborate with other departments to ensure timely delivery and quality products

• Attend industry even...read more

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-based costing to determine the cost of each component

• Example:...read more

Achieve target through active market by setting clear goals, understanding customer needs, building strong relationships, and continuously monitoring performance.

• Set clear and achievable sales targets

• Understand customer needs and preferences

• Build strong relationships with clients and partners

• Implement effective marketing strategies to reach target audience

• Continuously monitor performance and adjust strategies as needed

Import activities involve bringing goods or services into a country from another country.

• Import activities require compliance with customs regulations and may involve paying import duties or taxes.

• Import activities can include sourcing products from international suppliers, arranging transportation, and managing customs clearance.

• Examples of import activities include importing raw materials for manufacturing, importing finished goods for resale, or importing technology for us...read more

My current CTC is $80,000 per year.

• My current CTC is $80,000 per year.

• I am currently earning $80,000 annually.

• My current salary is $80,000 per year.

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

Trade businesses experience fluctuations in sales due to various factors such as seasonality, economic conditions, and competition.

• Sales in trade businesses can be influenced by seasonal trends, such as increased demand for certain products during holidays or specific times of the year.

• Economic conditions, such as recessions or booms, can impact the purchasing power of consumers and businesses, affecting sales in trade businesses.

• Competition from other businesses offering sim...read more