Reliance Industries Department Manager Interview Questions and Answers

The most important components of profit and loss are revenue, cost of goods sold, and operating expenses.

• Revenue: the income generated from sales or services

• Cost of goods sold: the direct costs associated with producing or delivering the product or service

• Operating expenses: the indirect costs associated with running the business, such as rent, salaries, and marketing expenses

The basic priority of a retail outlet is to maximize sales and profits while providing excellent customer service.

• Maximizing sales and profits is the primary goal of a retail outlet

• Providing excellent customer service is crucial to retain customers and increase sales

• Maintaining a clean and organized store is important to create a positive shopping experience

• Managing inventory and controlling costs is necessary to maxim...read more