Megha Engineering & Infrastructures Store Executive Interview Questions and Answers

Rolling margin in steel can be checked by calculating the difference between the selling price and the cost price, divided by the cost price.

• Calculate the rolling margin by subtracting the cost price from the selling price.

• Divide the result by the cost price to get the rolling margin percentage.

• A higher rolling margin indicates better profitability.

• For example, if the cost price of steel is $100 and the selling pr...read more

Steel weight can be calculated by multiplying the volume of steel by its density.

• Calculate the volume of steel (length x width x height)

• Determine the density of the specific type of steel being used

• Multiply the volume by the density to get the weight

• Example: For a steel plate with dimensions 2m x 1m x 0.1m and density of 7850 kg/m^3, weight = 2 x 1 x 0.1 x 7850 = 1570 kg

Store reports are detailed summaries of store performance, including sales, inventory levels, and customer trends.

• Store reports provide insights into sales performance, including revenue, profit margins, and product performance.

• They also track inventory levels, highlighting popular items and identifying slow-moving stock.

• Customer trends such as demographics, purchasing habits, and loyalty program participation are...read more

Store process involves managing inventory, sales, customer service, and overall operations of the store.

• Inventory management to ensure products are stocked and organized efficiently

• Sales process including customer interactions, promotions, and transactions

• Customer service to address inquiries, complaints, and provide assistance

• Overall operations such as scheduling, training staff, and maintaining store appearance

• E...read more

An experience store department is a specialized section within a retail store that focuses on providing customers with unique and immersive shopping experiences.

• Experience store departments are designed to engage customers and create memorable experiences.

• They often feature interactive displays, demonstrations, and hands-on activities.

• These departments may showcase new products, offer personalized services, or hos...read more

Basic inventory handling procedures ensure efficient stock management, accuracy, and timely replenishment in retail operations.

• Conduct regular inventory audits to verify stock levels and identify discrepancies.

• Implement a first-in, first-out (FIFO) system to manage perishable goods effectively.

• Utilize inventory management software to track stock movements and automate reordering.

• Establish clear labeling and organi...read more

Store level refers to the operational level of a retail store, where day-to-day activities and tasks are carried out.

• Store level is where the actual buying and selling of products takes place.

• It involves managing inventory, ensuring product availability, and maintaining store cleanliness.

• Store level also includes customer service, handling transactions, and resolving customer complaints.

• Store executives are respon...read more

Handling stores involves managing inventory, supervising staff, ensuring customer satisfaction, and maximizing sales.

• Manage inventory levels to avoid stockouts or overstocking

• Supervise store staff, providing training and guidance

• Ensure excellent customer service by addressing complaints and resolving issues

• Implement effective merchandising strategies to attract customers

• Analyze sales data and adjust store operatio...read more