WyCar 150

Question

I don't agree with the statement that willingness to pay is lower than the current price of Wycar 150. Given that there is 12% government refund, the effective price of WyCar 150 would be 30,800. This is lower than the WTP of young people or those in large cities. I need more explanation on this.

Answer 1

Hello Seoyeon,

I agree with you, the solution is a bit confusing. I would say that our model is expensive for 2 reasons:

Only in large cities WTP is above 30k€ for a 150km model
Only people below 30 want to spend more than 30k€

These 2 conditions restrict our target only to people that live in big cities and are under 30, which is a segment that could be not sufficient for our company.
I want to add that it would be amazing to write down on paper a matrix to explain this reasoning to the interviewer.

Feel free to contact me if you want to discuss further.
Luca

Answer 2

Hi, I took the SOVA test a couple of months ago and got invited for the 1st round of interviews. I did not do amazing... (read entire answer)

Hi, I took the SOVA test a couple of months ago and got invited for the 1st round of interviews. I did not do amazing with time, spent 30 to 40 minutes above the recommended tim... (read entire answer)