Questions -
1. In your words, describe operating leverage and how it might be useful to you.
2. How would you describe the operating leverage of your current or previous employer? If you do not have work experience to draw upon, then answer this question in terms of a particular industry, e.g., banking, manufacturing, health-care, education, government, etc.
3. If you were to go into your own business, what mix of fixed and variable costs do you think you would prefer? Why?