Case Questions
Case questions are monly used in consulting interviews, but they can be used in other situations, such as in interviews for marketing positions with consumer panies. Simply put, a case interview is the analysis of a business question. Unlike most other interview questions, it is an interactive process. Your interviewer will present you with a business problem and ask you for your opinion. Your job is to ask the interviewer logical questions that will permit you to make a detailed mendation. The majority of case interviewers don't have a specific answer that you, the candidate, are expected to give. What the interviewer is looking for is a thought process that is at once analytical and creative. Here's a sample case question:
You are advising a credit pany that wants to market a prepaid phone card to its customers. Is this a good idea?
You: What is the role of pany? Do we simply market the card or must we create them ourselves?
Interviewer: This card will be co-marketed with an outside pany. We don't need to perform munications functions.
You: What are our expenses connected with the card?
Interviewer: We must pay 15 cents for every minute we sell. We also have to pay $ as a start-up cost for the card and card systems.
You: What are our marketing expenses?
Interviewer: We normally use slips of paper that are attached to the backs of our credit card payment envelopes. We sometimes also send customers a direct mailing - in a separate envelope. Or we can have telemarketers call selected customers.
You: What's the cost of each of these marketing techniques, and what is their response rate?
Interviewer: Telemarketers have a 2 percent response rate, and cost $ per call. Direct mailings cost us 40 cents per mailing and have a percent rate of response. Our payment attachments have a rate of response, but only cost us 5 cents each.
You: I'm going to assume we will sell one-hour phone cards. That will cost us $ for the
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