Udaan Business Development Executive Interview Questions and Answers

FMCG stands for Fast Moving Consumer Goods. These are products that are sold quickly at relatively low cost and are consumed on a daily basis.

• FMCG refers to a wide range of frequently purchased consumer products such as food, beverages, toiletries, and household goods.

• These products have a short shelf life and are typically sold in large quantities.

• FMCG companies focus on mass production, distribution, and marketi...read more

To pitch in the market, you need to clearly communicate your product or service's unique value proposition and target the right audience.

• Identify your target market and understand their needs and pain points

• Craft a compelling and concise elevator pitch that highlights the benefits and differentiation of your product or service

• Leverage various marketing channels such as social media, email marketing, and content ma...read more

To convince customers, understand their needs, build trust, provide value, and offer solutions.

• Listen actively to understand customer needs and pain points.

• Build trust by demonstrating expertise, credibility, and reliability.

• Highlight the value and benefits of your product or service.

• Offer tailored solutions that address specific customer challenges.

• Provide social proof through testimonials, case studies, or succe...read more

I am looking for a salary that reflects my skills and experience, ideally in the range of X to Y based on industry standards.

• Research industry standards: For example, similar roles in our region typically offer between X and Y.

• Consider my experience: With over Z years in business development, I bring valuable expertise that can drive results.

• Discuss potential for growth: I am open to discussing a salary that can g...read more

Handling a market situation requires adaptability, strategic thinking, and effective communication.

• Stay informed about market trends and changes

• Analyze data and adjust strategies accordingly

• Communicate effectively with team members and stakeholders

• Be open to new ideas and approaches

• Stay focused on long-term goals while being flexible in the short-term

• Example: If a competitor launches a new product, analyze its str...read more

A sale is the exchange of goods or services for money, involving negotiation and agreement between buyer and seller.

• Involves identifying customer needs and presenting solutions.

• Example: A software company selling a CRM system to improve client management.

• Includes negotiation on price and terms to reach a mutual agreement.

• Example: A car dealership negotiating the price of a vehicle with a buyer.

• Finalizes with a tra...read more