Lakshmikumaran & Sridharan Assistant Manager Interview Questions and Answers

Volume mix calculation is the process of determining the proportion of different products sold in a given period.

• Volume mix calculation helps in understanding the sales performance of different products.

• It involves calculating the percentage of sales contributed by each product.

• For example, if a company sells 100 units of product A and 50 units of product B, the volume mix would be 67% for A and 33% for B.

MEIS stands for Merchandise Exports from India Scheme. It is a government initiative to promote exports of goods from India.

• MEIS is a scheme introduced by the Indian government to incentivize and promote exports of goods from India.

• Under MEIS, exporters are provided with duty credit scrips which can be used to pay various duties and taxes.

• The scheme covers a wide range of products and sectors, including agriculture, te...read more

LC in export stands for Letter of Credit.

• LC is a financial document issued by a bank to guarantee payment to the exporter.

• It provides assurance to the exporter that they will receive payment for the goods or services exported.

• LC serves as a secure method of payment in international trade.

• It reduces the risk for both the exporter and the importer.

• LC includes details such as the amount, terms, and conditions of the payme...read more