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?

  • 5
  • 2
  • 4
  • 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?

<p>Whole Wheat Atta and Snacks (D)</p> Signup and view all the answers

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

<p>By following the category stocking norms and achieving the monthly turnover targets (D)</p> Signup and view all the answers

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

<p>Changing consumer preferences and rising disposable incomes (B)</p> Signup and view all the answers

What trend is driving consumers towards organic and natural ingredients?

<p>Health and wellness (D)</p> Signup and view all the answers

What is becoming increasingly important in influencing consumer purchasing decisions?

<p>Social media and digital marketing (B)</p> Signup and view all the answers

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

<p>Existing distribution network (B)</p> Signup and view all the answers

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

<p>Growing demand for e-commerce platforms (D)</p> Signup and view all the answers

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

<p>Sustainability (B)</p> Signup and view all the answers

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