ASM Retail North Interview Questions and Answers

Factors behind choosing products include customer demand, quality, price, and brand reputation.

• Customer demand is a major factor in product selection.

• Quality is important to ensure customer satisfaction and repeat business.

• Price is a key consideration for customers and can influence purchasing decisions.

• Brand reputation can also play a role in product selection.

• Other factors may include product features, availability, and marketing efforts.

Estd. Company refers to a company that has been established or founded.

• It means the company has been in existence for a certain period of time

• It implies that the company has a history and track record

• Examples of estd. companies include Coca-Cola (1886), Ford Motor Company (1903), and IBM (1911)

Average TG refers to the average transactional value of a customer.

• It is calculated by dividing the total revenue by the number of transactions.

• It helps in understanding the spending behavior of customers.

• Higher average TG indicates that customers are spending more per transaction.

• Lower average TG may indicate that customers are not spending as much or that there are fewer high-value transactions.

• For example, if a store has a total revenue of $10,000 and 100 transactions, the...read more