AGIO Pharmaceuticals Interview Questions and Answers

The price leader in the market varies by industry and product, but it is typically the company with the largest market share.

• Price leaders are often able to set higher prices due to their market dominance

• Competitors may follow the price leader's pricing strategy or try to undercut them

• Price leaders may also use pricing strategies such as penetration pricing or skimming pricing to maintain their position

• Examples of price leaders include Apple in the smartphone market and Walma...read more

The four P's of Marketing Mix are Product, Price, Place, and Promotion.

• Product: Refers to the goods or services offered by a company.

• Price: The amount customers are willing to pay for the product.

• Place: The location or channel through which the product is made available to customers.

• Promotion: The activities used to communicate and promote the product to the target market.

I see a large number of dealers and retailers in my current role as a Sales Executive.

• I regularly interact with dealers and retailers to understand their needs and preferences.

• I have built strong relationships with several key dealers and retailers in the industry.

• I am constantly prospecting for new dealers and retailers to expand our customer base.

• In the past year, I have met with over 100 dealers and retailers across the country.

• I am comfortable working with both small inde...read more

Handle price issues in market by understanding customer needs, highlighting unique value proposition, and negotiating effectively.

• Understand customer needs and budget constraints

• Highlight unique value proposition and differentiate from competitors

• Negotiate effectively by offering incentives or bundling products/services

• Consider offering flexible payment options or financing

• Monitor market trends and adjust pricing strategy accordingly

• Provide excellent customer service to build...read more

Volume sell refers to selling a large quantity of products or services in the market.

• Volume sell is a strategy used by businesses to increase revenue and market share.

• It involves selling a large quantity of products or services at a discounted price.

• Volume sell can be used to clear out excess inventory or to attract new customers.

• Examples of volume sell include buy-one-get-one-free offers, bulk discounts, and flash sales.

• Volume sell can be effective in both B2B and B2C market...read more

Yes, market price issues can impact sales performance.

• Market price issues can affect the demand for a product or service.

• If the price is too high, customers may choose a competitor's offering.

• If the price is too low, it may be perceived as low quality.

• Sales executives need to be aware of market price trends and adjust their strategies accordingly.

• For example, if a competitor lowers their prices, the sales team may need to offer promotions or discounts to remain competitive.

Types of cement include Portland cement, white cement, rapid hardening cement, etc. Slump Cone Test is used to measure the workability of concrete.

• Types of cement: Portland cement, white cement, rapid hardening cement, etc.

• Slump Cone Test measures the consistency and workability of concrete mix.

• In the test, a cone-shaped mold is filled with concrete, then the cone is removed and the amount of slump (settling) is measured.

• The result of the test helps in determining the water c...read more

There are different types of cement used in construction, such as Portland cement, white cement, and rapid hardening cement.

• Portland cement is the most common type of cement used in construction.

• White cement is used for architectural purposes and to create decorative finishes.

• Rapid hardening cement is used when quick setting and early strength development are required.

• Other types of cement include sulfate-resistant cement, low-heat cement, and high-alumina cement.