For the expert here,
do you hava any goos idea.
thank you
(edited)
For the expert here,
do you hava any goos idea.
thank you
(edited)
I am not 100% about this, curious to hear feedback:
[Pop US] * [1/people per household ] * [# rooms per household] * [light bulbs per household] = # light bulbs in the US. Let's assume another 25-50% for businesses.
Once we have the # of light bulbs, we need to give out how many are on in any given time. Let's assume a standard distribution across the day and say that 6 hours out of 24 hours the bulbs are on.
We have [# of lightbulbs US] * [6/24] = # lightbulbs that are on per hour.
@ Others: would this work?
I agree with the previous answer. We might take additionally into account that not all bulbs are switched on at the same time - by a factor or so.
Hi,
That's one of the most common market sizing questions and I've seen the solution in multiple casebooks. You can find it easily if you google.
Best!
It's essential to know some key figures regarding geographies, population, economies for your case interviews. We summarized them for you here.
1 Q&AMarket Sizing Questions are used to test your quantitative & reasoning skills. Learn more on how interviewers evaluate your given answer!
2 Q&AsYour client, large automotive OEM WyCar, has developed its first fully electric vehicle (EV) and introduced it as a pilot on the Austrian market last year. However, sales have been far below the expected numbers. The management has engaged you to support them in understanding the reasons and advise ... Open whole case
You have inherited the “Old Winery” from your grandfather, a winery which has been family owned for five generations and can be dated back to the 16th century. Half of the eleven hectares are used to grow white grapes, the other half to grow red grapes. They are grown in the conventional way, i.e. ... Open whole case
Onlinestar, an online retailer of furniture and garden products (core business), has grown significantly in recent years as a result of an expansion of its product portfolio. The company mainly imports goods from Chinese manufacturers but also operates its own production of cat lavatories (special b ... Open whole case
Nutripremium is a very well-known premium nutrition food company in Europe (€1 billion revenue last year). It is based in Spain and has an excellent market share not only in its home country but also in Portugal, France, Italy and Germany. Nutripremium has two main lines of products: Vitamin-su ... Open whole case
Beyer, one of the biggest pharmaceutical companies in the world, just invented a very reliable vaccine against Chickenpox, a disease that affects children in the age from 2 to 16 years. Beyer came to you wondering what their potential sales in Europe in the first year would be if they launched this ... Open whole case