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First Club Foods Program: Tier Classification

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First Club Foods Program: Tier Classification

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Questions and Answers

What is the time period for the FIRST CLUB FOODS PROGRAM CONSTRUCT: INDEPENDENT SELF SERVICE (ISS)?

1st Apr 2023 to 31st Mar 2024 (correct)

1st Jan 2023 to 31st Dec 2023

1st Oct 2023 to 30th Sep 2024

1st Jul 2023 to 30th Jun 2024

How many tiers are there in the category classification?

3 (correct)

What is the monthly turnover required to be classified as GOLD tier?

< Rs. 18,000

< Rs. 10,000

>= Rs. 18,000 and < Rs. 55,000 (correct)

>= Rs. 55,000

What is excluded from the 'Overall Foods' in the turnover calculation?

Whole Wheat Atta and Snacks Signup and view all the answers

Why can retailers gain exclusive benefits as members of the First Club Foods Program?

By following the category stocking norms and achieving the monthly turnover targets Signup and view all the answers

What is driving the demand for packaged goods in the FMCG market in India?

Changing consumer preferences and rising disposable incomes Signup and view all the answers

What trend is driving consumers towards organic and natural ingredients?

Health and wellness Signup and view all the answers

What is becoming increasingly important in influencing consumer purchasing decisions?

Social media and digital marketing Signup and view all the answers

What opportunity can ITC Foods Business leverage to expand its reach in rural areas?

Existing distribution network Signup and view all the answers

What is driving the growth of online shopping in the FMCG market?

Growing demand for e-commerce platforms Signup and view all the answers

What is a key trend driving demand for eco-friendly practices in the FMCG market?

Sustainability Signup and view all the answers