Teaching and learning styles are, by their very nature, changing and in recent years there has been a noticeable move from lecture-based activities towards more student-centred activities.
Break-Even Analysis is often applied when deciding whether to develop a new product or make a capital equipment investment, as well as helping in making decisions around how to price products and service and the number of Case study questions and answers (module 2) to produce.
Note that the expression Revenue per unit — Variable Expenses per unit is often referred to as the Unit Contribution Margin. An understanding of how to analyze Expenses and differentiate Fixed Expenses from Variable Expenses is useful in order to run a Break-Even Analysis of a company. Break-Even Analysis can get more complex, as there are microeconomic and macroeconomic considerations that can change both the Fixed and Variable Expenses, but the basic concept is an important one; therefore you will likely come across some form of Break-Even Analysis in Consulting Case Study interviews.
Note that this concept can also be translated into a question on Break-Even Price, i. Variable Expenses Fixed Expenses or Fixed Costs are expenses that do typically fluctuate regardless of the production or sales levels. Variable Expenses or Variable Costs are impacted by changes in production or sales levels — typical examples include are Raw Materials, Direct Labor Expenses wages and benefitsand delivery costs.
Variable Cost structure is important in a variety of cases such as in Break-Even Analysis, discussed above.
When analyzing a Case, always keep in mind that total Fixed Expenses remain constant as volume rises or fallsbut Fixed Expenses per unit decline as volume rises rise as volume falls.
Variable Expenses, meanwhile, rise proportionately as volume increases, so Variable Expenses per unit remain constant. Profit Margin or Net Income Marginhe or she will usually be referring to the total Net Income of a company or business line as a percentage of its Revenue: The interviewer could also refer to Gross Profit Margin, which is simply Gross Profit as a percentage of revenue: In both cases, thus is simply the figure in question Operating Profit, a.
ROI is used in consulting interviews as a way to evaluate the return of a particular investment or to assess the feasibility of a potential investment or acquisition.
Many companies have an internal ROI metric for capital investments. Standard ROI is calculated as follows: Note that this is not the only growth path to grow from a beginning number to an ending number, but it is the only growth path that is the same growth rate every year.
The formula to calculate CAGR is: CAGR is very similar in concept to Internal Rate of Return IRRwhich is the annual rate of return on an investment if its value grows by a specific multiple over a specific amount of time.
The rule of 72 simply states that a quantity will roughly double in value whenever the number of years times the annual growth rate equals The idea behind this microeconomic analysis is to determine the reasonable cost to win or acquire a customer or to maintain an existing customer, i.
It can also be used to determine level and type of customer service to provide, and as another way to estimate the value of a business. The steps to calculate the LCV are as follows: Estimate the remaining customer years; in other words, how long is a typical customer expected to last with the company?
It is often used by companies to project their own anticipated Revenue figures. It is also worth knowing the four steps in the Product Life Cycle Curve, as the concept could come up in a hypothetical product case. A new product or technology that is in initial adoption phases and therefore has very rapid growth rates for example: Product adoption is becoming widespread but still growing at an above-average rate for example: Product adoption is widespread, or at least stabilized; growth typically comes only from price increases and growth in GDP for example: Technological obsolescence, shifting consumption patterns, or increased market competition has resulted in total growth rates that are below-average or negative for example: This is an important concept throughout business and consumer decision making, as there are only finite resources available in most cases time, money, etc.
Elasticity Supply or Demand Elasticity is a concept from microeconomics that describes the tradeoff between Quantity and Price. The concept comes up in multiple types of cases, such as pricing optimization. Clients often ask what the impact would be on volume if they adjust the price.Driver CPC Case Studies Test (Module 2) Back to blog.
Driver CPC Case Studies Test (Module 2) you will need to take a part two case study conversion test. This will consist of 10 case studies with a total of 50 questions.
To book the part two case study conversion test you will need to contact the DVSA on and select the theory. This app contains all the preparation materials needed to pass the Module 2 Driver CPC Case Study Test. Now you can prepare for your test anytime, anywhere with the ONLY app available for Module 2 containing the LARGEST database of professionally written CPC questions available for /5().
The test consists of five sections of multiple choice questions and each section must be completed in 35 minutes. Only four of the sections comprise the test taker's score, and the test taker will not be informed which section will not be assessed.
Sep 24, · This feature is not available right now. Please try again later. suitable for the module 2 test case studies with over case study questions + suitable for the module 3 test Show me, Tell me Questions + suitable for the module 4 .
Driver CPC Module 4 Questions & Answers. Please don’t forget to bring both parts of your driving licence and your Module 2 (case study) pass certificate. Once you have passed the module 4 exam (and assuming you have passed module 1,2 and 3) you can drive an HGV professionally on the public highway.