AppliedMultiple choice
An interviewer asks for a market on the number of hotel rooms in a city you know nothing about. What is the best response?
- ADecline to quote, since you have no information about the city and cannot price it
- BGive a Fermi estimate for the theo and a wide market
- CQuote a very tight market around your best guess, to show confidence in your reasoning
- DAsk the interviewer for the true number first so that the market can be centred correctly
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