ProSIM R&D Interview Questions and Answers for Freshers

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 ensur...read more

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