20+ My Royal Fantasy Interview Questions and Answers

I would analyze the cost structure and pricing strategy to identify the root cause of decreasing profit.

• Analyze the cost structure to identify any cost increases that may be impacting profit margins

• Review pricing strategy to ensure it is aligned with market demand and competition

• Evaluate sales mix to determine if there are any products or services that are less profitable

• Consider implementing cost-cutting measures or adjusting pricing strategy to improve profitability

To increase sales of sofas over the next three months, we can focus on marketing, promotions, and improving customer experience.

• Launch a social media campaign to showcase the latest sofa designs and offers

• Offer discounts and bundle deals to incentivize customers to purchase sofas

• Improve the in-store experience by providing comfortable seating areas and knowledgeable sales staff

• Partner with home decor influencers to showcase our sofas in their content

• Send personalized emails t...read more

The 5S rule is a methodology used to organize and maintain a clean and efficient workplace.

• 5S stands for Sort, Set in Order, Shine, Standardize, and Sustain.

• Sort involves removing unnecessary items from the workspace.

• Set in Order focuses on arranging items in a logical and efficient manner.

• Shine refers to cleaning and maintaining cleanliness in the workspace.

• Standardize involves creating standardized procedures and practices.

• Sustain focuses on continuously maintaining the imp...read more

Sales are increasing but the profit is decreasing due to various factors.

• Increase in production costs

• Decrease in selling prices

• Increase in competition

• Increase in marketing expenses

• Increase in overhead costs

To set up a cab service like Ola in Chennai, a strategy to optimize costs and revenue can be developed by focusing on efficient fleet management, dynamic pricing, and customer retention.

• Implement a fleet management system to optimize vehicle utilization and reduce idle time.

• Use dynamic pricing algorithms to adjust fares based on demand and supply.

• Offer loyalty programs and discounts to retain customers and increase revenue.

• Partner with local businesses to offer bundled servic...read more

There are approximately 200 flights that leave Chennai airport every day.

• Chennai airport has both domestic and international flights.

• The number of flights leaving Chennai airport varies depending on the day of the week and time of day.

• Some of the airlines that operate from Chennai airport include Air India, IndiGo, SpiceJet, and Emirates.

• Chennai airport is one of the busiest airports in India, with over 22 million passengers passing through it in 2019.

Six Sigma is a data-driven methodology used to improve business processes by reducing defects and variability.

• Six Sigma is a quality management approach that aims to achieve near-perfect results by minimizing defects and variations in processes.

• It focuses on measuring and analyzing data to identify and eliminate the root causes of defects.

• The goal is to reduce process variation to a level where only 3.4 defects per million opportunities (DPMO) occur.

• It follows a structured pr...read more

PO stands for Purchase Order. It is a document issued by a buyer to a seller, indicating the types, quantities, and agreed prices for products or services.

• PO is a formal request to a supplier to provide goods or services.

• It includes details such as item descriptions, quantities, prices, delivery dates, and terms of payment.

• POs help in streamlining the procurement process and maintaining accurate records.

• They serve as a legal contract between the buyer and the seller.

• POs are c...read more

Tracking last mile orders involves using technology and efficient processes to monitor and manage the delivery of goods to the final destination.

• Utilize a tracking system or software that provides real-time updates on the status and location of the order.

• Implement barcode or RFID scanning to accurately track and record the movement of goods at each stage of the last mile delivery process.

• Use GPS or geolocation technology to track the delivery vehicles and ensure they are on t...read more

To handle team without absconding, clear communication, fair treatment, and positive reinforcement are key.

• Establish clear expectations and goals

• Communicate regularly and openly with team members

• Provide fair treatment and avoid favoritism

• Recognize and reward good performance

• Address issues promptly and fairly

• Offer opportunities for growth and development

• Lead by example and maintain a positive attitude

• Create a supportive and collaborative team environment

R&R specification refers to the roles and responsibilities of the Assistant Warehouse Manager.

• R&R specification outlines the tasks and duties expected from the Assistant Warehouse Manager.

• It includes managing inventory, supervising warehouse staff, ensuring safety protocols are followed, and coordinating with other departments.

• The Assistant Warehouse Manager may also be responsible for optimizing warehouse operations, implementing process improvements, and maintaining accurat...read more

The round clock rule is a principle that ensures employees take their breaks and lunch at specific times throughout the workday.

• The round clock rule helps to maintain a consistent schedule for breaks and lunch.

• Employees are expected to take their breaks and lunch at specific times, usually determined by management.

• This rule ensures that there is always coverage in the warehouse and prevents any disruptions in workflow.

• For example, if the round clock rule states that lunch sho...read more

The question is irrelevant and has no relation to the job of a business analyst.

• The number of windows in IIT is not relevant to the job of a business analyst.

• As a business analyst, my focus would be on analyzing business processes, identifying areas for improvement, and developing solutions to business problems.

• I would need to gather and analyze data related to the business operations, market trends, and customer behavior to make informed recommendations.

• Therefore, the number...read more

Out word process and last mile refers to the final stage of delivery in the supply chain.

• Out word process involves preparing orders for shipment and ensuring accuracy.

• Last mile refers to the final leg of delivery from the distribution center to the customer's location.

• Efficient out word process and last mile operations are crucial for customer satisfaction and timely delivery.

• Examples of out word process activities include picking, packing, labeling, and loading.

• Examples of l...read more

The exact number of ticket counters required at Dadar local station is not available.

• The number of ticket counters required at Dadar local station depends on various factors such as the number of commuters, peak hours, and the size of the station.

• The authorities may decide to increase or decrease the number of ticket counters based on the demand.

• The number of ticket counters may also vary based on the type of ticketing system used, such as manual or automated.

• The best way to ...read more

The steps of skin care include cleansing, toning, moisturizing, and protecting.

• Cleansing: Removing dirt, oil, and impurities from the skin using a cleanser.

• Toning: Balancing the skin's pH levels and removing any remaining traces of dirt or cleanser.

• Moisturizing: Hydrating the skin to maintain its moisture barrier and prevent dryness.

• Protecting: Applying sunscreen or other protective products to shield the skin from harmful UV rays and environmental damage.

My favorite product is the iPhone because of its sleek design and user-friendly interface.

• Sleek design

• User-friendly interface

• Regular software updates

• High-quality camera

• Wide range of apps available

Handling escalations involves active listening, empathy, problem-solving, and effective communication.

• Listen actively to the customer's concerns and show empathy towards their situation.

• Remain calm and composed, even in challenging situations.

• Work towards finding a solution that satisfies the customer while aligning with company policies.

• Communicate clearly and effectively with the customer, keeping them updated on the progress of their escalation.

• Follow up with the customer ...read more

The type to give the customize option depends on the customer's preferences and needs.

• Consider offering customization options for all types of furniture

• Some popular types for customization include sofas, tables, and shelves

• Allow customers to choose materials, colors, sizes, and additional features

• Examples: Customizable modular sofas with interchangeable components, customizable desks with adjustable heights

Skin care products include cleansers, toners, moisturizers, serums, masks, and sunscreens.

• Cleansers are used to remove dirt and oil from the skin

• Toners help to balance the skin's pH level

• Moisturizers hydrate and nourish the skin

• Serums contain active ingredients to target specific skin concerns

• Masks provide deep cleansing and hydration

• Sunscreens protect the skin from harmful UV rays

• Examples of popular skin care brands include Cetaphil, Neutrogena, and La Roche-Posay

I would listen to their concerns, empathize with their situation, and offer a solution to their problem.

• Remain calm and professional

• Listen actively to their concerns

• Empathize with their situation

• Apologize for any inconvenience caused

• Offer a solution to their problem

• Follow up with the customer to ensure their satisfaction

The USP of our modular furniture is its versatility and customization options.

• Versatility and customization options are the key features of our modular furniture.

• Customers can easily customize the furniture according to their needs and preferences.

• The modular design allows for easy assembly and disassembly, making it convenient for transportation and storage.

• Examples: Modular sofa sets with interchangeable components, modular storage units with adjustable shelves.

It depends on the population size, drinking habits, number of bars, and events in the city.

• Consider the population size of the city.

• Take into account the drinking habits of the residents.

• Factor in the number of bars, breweries, and events in the city.

• Look at any relevant data on beer consumption trends in the area.

I will address customer objections by actively listening, empathizing, providing solutions, and building rapport.

• Listen attentively to understand the customer's concerns

• Empathize with the customer's perspective and show understanding

• Provide relevant information or solutions to address the objection

• Build rapport by being respectful, patient, and professional

• Offer alternatives or compromises if necessary

Adherence issues are handled by addressing the root cause, providing training and support, and implementing accountability measures.

• Identify the reasons for non-adherence

• Provide clear expectations and guidelines

• Offer training and support to improve adherence

• Implement accountability measures such as regular check-ins and performance evaluations

• Address any underlying issues or obstacles that may hinder adherence

• Recognize and reward employees who consistently adhere to policies ...read more

Supply chain network design involves optimizing the flow of goods and information from suppliers to customers.

• Supply chain network design aims to minimize costs, reduce lead times, and improve service levels.

• Factors to consider include transportation modes, inventory levels, facility locations, and demand patterns.

• Examples of supply chain network design strategies include centralized distribution centers, cross-docking facilities, and vendor-managed inventory.

• Simulation tools...read more

Product management lifecycle involves stages from ideation to launch and beyond, focusing on market research, development, and iteration.

• Idea generation and validation through market research

• Product development and testing

• Launch and go-to-market strategy implementation

• Continuous iteration based on feedback and market trends