IIFT 2019 Question Paper
Answer the questions with the given information and the graph.
The analyst at a retail giant has modelled the consumer spending and consumer sentiment to prepare a strategy on product offers in the upcoming festive season. The data given in the figure are from last 10 years on 3 parameters namely, food spending (Food_Spend), style spending (Style_Spend), and sentiment index (Sentiment_Index). Study the figure below and answer the following questions :
IIFT 2019 - Question 61
From the years mentioned below, in which year total of Food_Spend and StyleSpend as a proportion of Sentiment_Index is lowest ?
IIFT 2019 - Question 62
From the years mentioned below, in which year Food_Spend as a proportion of Style_Spend is lowest ?
IIFT 2019 - Question 63
In which year, ratio of percentage annual change in Style_Spend to percentage annual change in Sentiment_Index is highest ?
IIFT 2019 - Question 64
In which year, highest annual percentage change in StyleSpend is recorded ?
Direction : Answer the questions with the given information and the data.
Given below are transactions of 17 customers who brought products available from a range of 5 products namely Product A, Product B, Product C, Product D and Product E, on a particular day. “1” means product was purchased and “0” means product was not purchased on that day. There tail manager wants to study the product purchase behaviour based on customer transactions. Example of Paired Product purchase, there are three paired product purchases made by customer with Customer_ID : 101 - (1) Product A and Product D, (2) Product A and Product E and (3) Product D and Product E.
IIFT 2019 - Question 65
How many paired product purchases were done with Product A as one product ?
IIFT 2019 - Question 66
Assuming profit margin of the products is as follows : Product A - ₹ 50, Product B - ₹ 45, Product C - ₹ 60, Product D - ₹ 40 and Product E - ₹ 70, which of the following paired product purchases generates highest profit margin given the existing buying frequency ?
IIFT 2019 - Question 67
Given the profit margins of the products as follows : Product A - ₹ 50, Product B - ₹ 45, Product C - ₹ 60, Product D - ₹ 40 and Product E - ₹ 70, and the retailer decides to offer discount in case customer buys more than two products. The discount is equal to 10% of the margin of higher margin product in the combination of products purchased, then how many customer in the sample data generate profit margin of ₹ 150 or more ?
IIFT 2019 - Question 68
How many customers buy lowest selling product pair as well as highest selling product pair ?
Answer the questions with the given information and the data.
The figures given below show the amount of work distribution (in operational hours) for a toy manufacturing company having manufacturing plants in Chennai and Kanpur. Each plant carries out six activities. Planned operational cost per hour of Chennai and Kanpur plants are ₹ 250 and %₹300 respectively. However, the actual operational cost per hour is ₹ 270 in Chennai and ₹ 315 in Kanpur.
Cost Difference (in %)=Absolute ((Actual Cost —- Planned Cost) / Planned Cost) x 100
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IIFT 2019 - Question 70
In how many activities plant in Chennai could meet at least 50% shortfall in the actual operational hours compared to planned operational hours of plant in Kanpur ?
