Problem Solving Test – Practice Test Practice Test Overview and Instructions This practice test has been developed to provide a sample of the actual McKinsey Problem Solving Test used for selection purposes. This test assesses your ability to solve business problems using deductive, inductive, and quantitative reasoning. This practice test contains a total of 26 questions. The actual test contains 26 questions and you will be given 60 minutes to answer as many questions as possible. You will be presented
Words: 6310 - Pages: 26
Virginia within the Washington Metropolitan Area (York). The chain sells mainly hamburgers, hot dogs and French Fries (York). Five Guys enterprises has grown from a single family owned restaurant to a franchise with 450 locations in thirty states (York). Five Guys opened its doors to Arlington, Virginia in 1986 (York). The restaurant was started by four brothers who were given the choice to start a business or go to college by their parents (York). The burger and fry shop drew in a ‘cult-like’ clientele
Words: 1556 - Pages: 7
Chapter 1 - Overview of Marketing Marketing: is the activity, set of institutions and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. * Simply stated, Marketing is all about satisfying needs Inertia to Passion- Peoples feelings for a certain brand fall between inertia (people who dont care) to passion(people who care way to much) An example of this people writing reviews that are happy
Words: 2210 - Pages: 9
external factors that influence the organization. Even though the external environment occurs outside of an organization, it can have a significant influence on its current operations, growth and long-term sustainability. Tesco is one of Britain's leading food retailers with 568 stores throughout England, Scotland, Wales and Northern Ireland. There are also 103 stores in France, 43 in Hungary, 31 in Poland and 13 in the Czech Republic and Slovakia. Tesco is committed to creating shareholder value through
Words: 4972 - Pages: 20
Chapter 1 Marketing: Creating and Capturing Customer Value 1) All of the following are accurate descriptions of modern marketing, EXCEPT which one? A) Marketing is the creation of value for customers. B) Marketing is managing profitable customer relationships. C) Selling and advertising are synonymous with marketing. D) Marketing involves satisfying customers' needs. E) Marketing is used by for-profit and not-for-profit organizations. Answer: C 2) According to the opening scenario
Words: 10741 - Pages: 43
the ending of the Reconstruction Period. Mark Twain named this age in one of his books because it meant it brought in wealth and business to powerful white men and left the lower classes in poverty. Though on the surface it seemed like the gilded age would bring in good business and wealth, and it did, behind the wealth was corruption. During 1870 to 1900, big business were controlled by political bosses and they were able to have the economy and political system in the palm of their hand. As a
Words: 797 - Pages: 4
Tesco's is a United Kingdom based international supermarket chain. It is the largest British retailer both by global sales and by domestic market share. Originally specialising in food, it has moved into areas such as clothes consumer electronics, consumer financial services internet services and consumer telecoms. The Current Position In 1995 Tesco overtook Sainsbury's as the UK's largest supermarket. In 2001 Tesco occupied 15.6% of the UK grocery retail market and was the market leader by
Words: 4928 - Pages: 20
$90 saving. 4 Because the price of a movie ticket is a cost the patron must pay explicitly, it tends to be more noticeable than the money that she would fail to earn by seeing the movie. As Sherlock Holmes recognised, it’s easier to notice that a dog has barked than that it has failed to bark. 5 You are wrong to suggest that the album cost you nothing. The astute economic thinker would know to ask the question ‘What would I otherwise have done with the gift voucher?’ If the answer to this question
Words: 1728 - Pages: 7
Entrepreneurial Leadership: “Five Guys and Fries” Professor Watts MBAE5302 – Economics and the Free Market December 16, 2014 Euronda S. Jefferson Five Guy’s Philosophy “Anyone can make money in the food business as long as you have a good product, reasonable price, and a clean place” (Pulizzi, 2010) It was this quote from John Willard Marriott that provided the groundwork John Murrell used to build Five Guys Burgers and Fries. Jerry Murrell, Owner of Five Guys
Words: 1843 - Pages: 8
pension funds and financial issues.1 In November 2012, the company filed Chapter 11 bankruptcy to receive permission from the government to close its business and sell off its assets.2 The deal was accepted by the bankruptcy courts and a judge then agreed to hand over all the Hostess Brands foods to different buyers.3 This was not the snack food company’s first bankruptcy. During the 2004–2009 bankruptcy period, Hostess closed nine of its 54 bakeries and more than 300 outlet stores. In addition
Words: 1251 - Pages: 6
