Description
Can you share an experience where you had to determine or estimate the size of a market? Walk me through your thought process and methodology.
1. Analytical thinking : Being able to break down the problem and use a logical approach to estimate the market size.
2. Numeracy : Comfort with numbers and calculations necessary for market sizing.
3. Research : Ability to gather relevant data and information to inform the estimation process.
4. Problem-solving : The capability to approach challenges methodically and come up with effective strategies for estimation.
1. Assessing strategic thinking : Understanding your ability to approach market-related challenges strategically.
2. Gauging industry understanding : Evaluating your knowledge of the market and ability to understand its dynamics.
3. Testing quantitative skills : Checking your ability to handle numbers and perform quantitative analysis.
4. Evaluating problem-solving approach : Observing how you approach complex problems and work towards solutions.
1. Outline your method : Explain the specific framework or methodology you used for market sizing.
2. Discuss data sources : Mention the sources of information you relied on and why you considered them reliable.
3. Reflect on accuracy : Talk about how you ensured the accuracy of your estimates or how you handled uncertainties.