Threat of new entrants & substitutes, bargaining power of suppliers & buyers, competitive rivalry

At one of Menards furniture store a chair was for sale for $50.00. Because the store manager thought he could get more money for the chair, he increased its price by 8%. After a week, the chair had not been sold. The manager then discounted the new price by 10%, and the chair was finally sold. For how much was the chair sold?

This consulting firm was responsible for the Oscars awards blunder.

(Best Picture awarded to wrong movie)

If 10 gallons of orange juice are added to 40 gallons of a mixture that is 10 percent orange juice, then what percent of the resulting mixture is orange juice?

Business growth vs. Market share

e.g. High business growth rate and low market share = Question Mark

 Calvin Klein, a high-end fashion designer sold a pair of jeans to a retail store for 40% more than it cost to manufacture the pair of jeans. A customer bought the jeans for 25% more than the retailer paid for them. The price the customer paid was what percent greater than the manufacturing cost?

PWC, Deloitte, EY, and KPMG are known as this group.

The number of Wi-Fi hot spots in the U.S. last year numbered 72,000; up 60% from the year before. How many Wi-Fi hotspots were there the year before?

Competitive advantage vs. competitive scope

(Cost leadership, Differentiation, Cost focus, Focused differentiation)

As the real estate housing market cools, some listing Realty companies are offering the buyer a 75% rebate on the commission that they paid. The real estate commission is usually 6% of the purchase price and is split between the listing broker and the selling broker. Thus, the buyer would get 75% of the 3% back. How much would a buyer get back if the bought an $800,000 house?

The Chartered Institute of Management Consultants has all members bound by this set of standards.

Hint *TCPC

This year the full-time MBA class at Northwestern University Kellogg School of Management has a total of 581 students. If the ratio of girls to boys in the class is 3:4, how many more boys than girls are in the class?

Product, price, place, promotion, people, processes, physical evidence

LG Electronics is an air conditioning company that sells a line of 20 different models with an average retail price of $800. If none of their products sell for less than $300, and exactly 5 sell for less than $600, what is the greatest possible selling price for their most expensive air conditioning product?

In a consulting company's hierarchy, this role ranks immediately above senior associate/consultant and below partner.

Susan, Bree, Lynette and Gabby make contributions to a Wisteria Lane fundraiser in the ratio of 2:3:5:10 respectively. If their total combined contribution is $10,000, how much more money does Gabby contribute than Susan?

Revenues, earnings, market share, quality, employee morale, customer satisfaction metrics

According to a recent Wall Street Journal report, Facebook had net income of $200 million in 2009 on revenue of $777 million. Figures for 2010 weren't disclosed yet, but analysts have said the company's revenue last year (2010) could be as much as $2 billion, fuelled by advertising growth. If Facebook maintained the same profit margin as in 2009, what would be their net income in 2010?

Between 2000 and 2002 EY sold its consultancy practice to which company?

American Taxi, a local Chicago taxi company charges $1.75 for the first quarter of a mile and 15 cents for each additional quarter of a mile. What is the maximum distance someone can travel with $4.90?