Vcare Trichology Operations Manager Interview Questions and Answers

IND AS 116 is a new lease accounting standard introduced by the Institute of Chartered Accountants of India (ICAI).

• IND AS 116 stands for Indian Accounting Standard 116.

• It replaces the previous lease accounting standard, IND AS 17.

• The standard applies to all entities that prepare financial statements in accordance with Indian Accounting Standards.

• IND AS 116 introduces a single lessee accounting model, which requires les...read more

Cross selling is a sales technique where a salesperson suggests related or complementary products to a customer.

• Cross selling involves offering additional products or services that complement the customer's original purchase.

• It aims to increase the average transaction value and enhance customer satisfaction.

• For example, a sales executive selling a laptop may cross sell a laptop bag or antivirus software.

• Cross selling r...read more

To increase average bill value, focus on upselling, cross-selling, offering bundle deals, and implementing loyalty programs.

• Train sales team to upsell and cross-sell complementary products or services

• Create attractive bundle deals to encourage customers to spend more

• Implement a loyalty program to reward customers for higher spending

• Offer personalized recommendations based on customer preferences and purchase history

• Pro...read more