Vishal Mega Mart Sales & Marketing Interview Questions and Answers

A consumer is the end user of a product or service, while a customer is the one who purchases it.

• A consumer is the one who uses the product or service, while a customer is the one who pays for it.

• Consumers can be individuals or organizations, while customers are usually individuals or businesses.

• For example, a person who buys a coffee from a café is the customer, while the person who drinks the coffee is the consumer.

cos(phi) is the cosine of the angle between the voltage and current in an AC circuit.

• It is a measure of the power factor in an AC circuit.

• It ranges from -1 to 1.

• A power factor of 1 means the voltage and current are in phase.

• A power factor of 0 means the voltage and current are out of phase.

• A power factor of -1 means the voltage and current are 180 degrees out of phase.

Cosine of the angle between voltage and current in an AC circuit.

• Cos(phi) is a measure of how efficiently electrical power is being used in an AC circuit.

• It represents the cosine of the angle between the voltage and current waveforms.

• A high cos(phi) value indicates that the circuit is using power efficiently, while a low value indicates wastage.

• For example, a motor with a low cos(phi) value will consume more power than...read more

We will add advanced health monitoring features such as blood oxygen level monitoring and stress tracking.

• Blood oxygen level monitoring to track oxygen saturation levels in the blood

• Stress tracking to monitor stress levels and provide recommendations for stress management

• Integration with third-party health apps for a more comprehensive health tracking experience

The product development cycle for fit band involves ideation, research, design, testing, and launch.

• Ideation: Brainstorming and generating ideas for the fit band.

• Research: Conducting market research and analyzing customer needs.

• Design: Creating a prototype and finalizing the design.

• Testing: Conducting various tests to ensure the fit band meets quality standards.

• Launch: Introducing the fit band to the market and promoti

We will decide to launch fit band in market based on market research, product development, and financial analysis.

• Conduct market research to identify demand and competition

• Develop a high-quality product with unique features

• Analyze financial feasibility and potential profitability

• Consider regulatory requirements and potential legal issues

• Evaluate distribution channels and marketing strategies

• Assess potential risks and c

Pricing is done in the later stages of product development lifecycle.

• Pricing is usually done after the product has been developed and tested.

• It is important to consider production costs, competition, and target market when setting the price.

• Pricing can be adjusted throughout the product's lifecycle based on market demand and competition.

• For example, Apple sets the price of their new iPhone models after they have been d