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18 Cards in this Set
- Front
- Back
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The five steps to successfully starting a case |
1.Listen to the question, take notes, summarize the question to fill that awkward pause in the middle, 2. verify the objectives and ask if there are more, 3. ask clarifying questions 4. Label the case and lay out your structure 5. state your hypothesis |
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What is the US popuation |
320 million |
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Life expectancy of an American? |
80 years |
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What is an assumption for distribution between age groups? |
even distribution, 4 million people per age group |
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how many US households? |
100 million |
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how many years is a generation? |
20 |
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how many european households? |
200 million |
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how many pounds in a gallon? |
2 |
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How many pounds in a ton? |
2000 |
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population of Chicago |
2.7 million |
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Population of New York |
8.4 million |
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Population of Miami |
420,000 |
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Population of Los Angeles |
3.9 million |
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In what format should you place all your statistics? |
percentages |
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Profit and loss framework |
E(P=R-C)M - Think about external factors (Economy and Market) first - then Profits=Revenue - Cost |
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First in a profit and loss case, what should you do |
start out by spelling out your take on the current economy |
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What should you know about the current economy? |
THREE GOOD THINGS THREE BAD THINGS: unemployment rate, interest rate, the dollar's strength, petro prices, consumers' amount of disposable income |
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What should you ask about the market in a profit and loss case? |
industry trends, competitors, how we are doing compared to the rest of the industry, |
