Use Our Resources and Tools to Get Started With Your Preparation!

Learn the case interview basics, practice with 210+ cases, and benefit from extensive test materials, and interactive self-study tools.

Opportunity Costs – Test Your Knowledge

Opportunity costs are a key input factor in making business decisions. Can you incorporate them into your case solving process?
8 min
4 questions
Unlock with Premium

Opportunity costs are an economic concept to quantify benefits of alternatives that were ignored while making a decision. Precisely, opportunity costs are the value of the best alternative that was not chosen.

For example: In a case interview, as a part of a business solution for a food supermarket, you recommend to use a share of the space for pre-prepared food items instead of a small restaurant (best alternative). Here, opportunity costs would be the revenues that would have been made by utilizing the space for the small restaurant instead of pre-prepared food items. 

Are you able to incorporate opportunity costs into you case solving process?

Read each question carefully and choose the response that you think is correct. After finishing the test, you will receive an interpretation of your score.

Unlock with Premium
How likely are you to recommend us to a friend or fellow student?
0
1
2
3
4
5
6
7
8
9
10
0 = Not likely
10 = Very likely