Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Interview Partners to connect and practice with!
Back to overview

Q: Business model and customer needs

What is the current business model and who are the competitors and survey on the customer needs if done any ?

2 Answers
5.0k Views
48
Be the first to answer!
Nobody has responded to this question yet.
Top answer
Ian
Coach
on Jul 02, 2020
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Sorry?

The case very explicitly states the the business model as such:

"The interviewee should understand here that the core product of online marketplaces is connecting demand and supply and thus generating fee revenues. In addition, he or she should also find out that almost all online business models generate revenues with online advertising."

Furthermore, you do not need to know competitors + customer needs:

Remember, in a case you need to focus on what matters. Again, the case explicity states in the case prompt:

"The market environment has already been examined in detail – competitors, new entrants, customer needs, etc."

"As a result, you are asked to identify growth areas and to quantify the potential sales uplift for the management."

This is very straightforward! They've literally told you "don't worry about competitors/customer needs...please focus on growth areas + sales uplift"

on Dec 02, 2024
Is it a common thing in cases that if something is stated to be done already that it is not really relevant? Like competition and customer in this case? I am asking because my initial take was to think, because these things were done already, we have data on them and should build on them to approach this case.
Clara
Coach
on Jul 06, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello Anamica, are you sure this is the right case?

I am asking since your questions are indeed quite clearly stated in the case :) 

Best, 

Clara

Similar Questions
Consulting
Networking with Bain & Company Zurich office
on Jan 30, 2025
DACH
7 Answers
2.6k Views
Top answer by
Hagen
Coach
#1 recommended coach | >95% success rate | most experience in consulting, interviewing and coaching
45
7 Answers
2.6k Views
+4
Consulting
BCG Interview Round 2
on Mar 05, 2024
Global
7 Answers
2.6k Views
Top answer by
Dennis
Coach
Roland Berger|Project Manager and Recruiter|7+ years of consulting experience in USA and Europe
100
7 Answers
2.6k Views
+4
Consulting
Results of Bain's Sova Test
on Apr 17, 2024
Global
7 Answers
2.7k Views
Top answer by
Anonymous
100
7 Answers
2.7k Views
+4
How likely are you to recommend us to a friend or fellow student?
0 = Not likely
10 = Very likely
You are a true consultant! Thank you for consulting us on how to make PrepLounge even better!