Business Manager Interview Questions
Businesses depend on their business managers to oversee the operations of a department to ensure that goals are being met and productivity is consistent. In an interview, expect to cover questions about large accounts you may have managed, your previous experiences in business and how you handle conflict or stress.
Top Business Manager Interview Questions & How to Answer
Here are three top business manager interview questions and tips on how to answer them:
Question No. 1: What do you do when you are given a project with a small budget?
How to answer: With this question, you can showcase your problem-solving skills and your ability to increase efficiency and cut costs. Talk about how you would make the project successful without exceeding your budget. For example, you could say that you would use an unpaid intern.
Question No. 2: How do you conduct business meetings to keep everything running smoothly?
How to answer: Meeting with colleagues is an important part of a business manager's responsibilities. Talk about how you would make sure everyone has the software for virtual meetings, create a meeting agenda and give a detailed summary to people who cannot attend. You can also mention that you would keep meetings short to maintain high productivity levels.
Question No. 3: What strategies will you use to motivate your team?
How to answer: Talk about your management style and how you motivate subordinates. You can also discuss how you deliver feedback to employees and interact with them based on differences in their personalities. For example, some people may be more motivated by a potential pay rise, whereas others may want an award or additional responsibilities more.
Credit card insurance case: calculate break-even claim rate where response rate = 2%, fee charged = 1% of monthly balance, and average balance = $1,000 per month.
8 Answers↳
Don't think there's enough info here to solve. Response rate is 2%, but you need to know how much the marketing costs to be able to determine the breakeven. Less
↳
I think the break even claim rate for this insurance scheme would be 1%. (Keeping all other non-mentioned costs aside) Let's assume 100 customers are contacted: 2% response rate = 2 people buy insurance. Revenue: 2 * (1% of 1000) = $20 At break even, cost would also be $20. Let the claim rate be x% (Note: this will be a percentage of the people who have bought the insurance, i.e. x% of 2% of 100) Insurance pay-out = $1000 per claim Cost: 1000 * x% of 2 = 1000 * x/100 * 2 = 20x Now, revenue = cost at break even, hence: $20 = 20x x = 1 So the B/E claim rate would be 1%. Less
↳
I am assuming that the marketing cost is $0.5 per mail. So, if 10000 people are sent mail, 2% respond i.e. 200 people revenue - fee charged * balance * no of people * 12(for a year) i.e. 1% * 1000 * 200 * 12 = 24000 cost- 0.5*10000 = 5000 for mailers lets say claim rate is c% so, c% * 1000 * 200 i.e. 2000c (claims are assumed yearly so no need to multiply by 12) so total cost = 5000 + 2000c in case of break even, revenue will be equal to cost. there for 5000 + 2000c = 24000 i.e. c = 9.5 or break even claim rate = 9.5% Less
Why you changed your jobs quickly.
9 Answers↳
Worked as Contract basis (6 months)
↳
I have been working at spinneys supermarket last 4 years. But they did not increment my salary. So i decided to resign and i am looking a another company. Who pay me a good salary. Less
↳
I can say my knowledge, ability, experience education all together made me competent. So I'm confident I can do my job without any failure. I'm ready for doing any job Also I'm interested in this job, since one month I'm searching for a job but didn't get so I'm applied for this job. Less
1. Do you have experience selling software? 2. Are you comfortable with travel? 3. How do you feel about training others and/or are you willing to train others? 4. Why are you leaving your current place of work? 5. Without given a contact name or contact number for a company what are your procedures to obtain the information of a decision maker?
5 Answers↳
To be honestly i don't have an experience on selling software but i can do it as u are expecting on me Less
↳
Yes I'm comfortable on traveling and i love it
↳
Training to others is a good thing i feel proud about on it
Can you work more than 10 hours every day ?
5 Answers
As memebers of the analytics team, we responsible for supporting all of Yammers other teams including Product dev & Eng, marketing, sales, Customer engagement and Exec team. Pick one of these teams and explain the problems it has and some ways you might go about solving them using data.
4 Answers↳
Thank you for posting the actual questions from the math quiz and interview. Most others simply mention that there was a quiz. Less
↳
Your answers are wrong to the questions.
↳
The answer to the casino question is 1/7=0.14 using Bayes Theorem.
Why do you want to get in health care industry
4 Answers↳
To grow more and improve my self with new things to succeed my goal
↳
My interest is in skin hair from my first job
↳
Iam interested in this feel
How to Develop Brand Availability
5 Answers↳
Ensuring Maximum Placement of the product in all outlets.
↳
Yes
↳
Consistently reach potential buyers
Convince them that i am appropriate for the roll
4 Answers↳
It's 'role', not 'roll'. Lucky for you they hired you based on your coomunication Less
↳
My knowledge includes generalisation in a lots of field . I have diversified skills in a lots of subjects. I am an MBA graduate in dual degree program HR and supply chain management and I am also a professional interior designer, graphic designer, digital marketer, SEO content writer , UIUX designer . I am overall a tech savvy person and can develop great profitable business ideas with the addition of technology. Less
↳
Communication, sorry
Who are you?
4 Answers↳
Personal traits and qualities
↳
And you are also a brethren company who are well known for their discriminatory values and opinions who also pay different rates to brethren/non-brethren staff performing the same role Less
↳
Please state the nationalities of employees/ experience/ qualification and to what capacity they operate at within delta?? Less
