Question

Expected viva questions for principles of management and consumer protection??

Answer 1

1). What permission and licenses would be required to make the product

2). What cost  effective techniques you follow for this product?

3). What cost  effective techniques you follow the promotion plan?

4). What should be the selling price of your competitor’s product of fairness cream such as Fair n Lovely, Ponds, Olay etc?

a. Selling price to consumer

b. Selling price to retailer

c. Selling price to wholesaler

5).What will be the profit margin in percentage to the

a. Manufacturer.

b. Wholesaler.

c. Retailer.