An Entrepreneur Started a Management Consulting Company

question 32

Multiple Choice

An entrepreneur started a management consulting company. The first several years were very challenging in finding potential clients and building relationships with them,in developing the services that the company would sell to clients,and just "getting known" as a management consulting company. These years required considerable money,but there were few sales. After several years,the company became known and now has many clients and large sales,all the while,expenses are lower than in the first years. This represents the idea of

• A) a joint venture.
• B) global expansion.
• C) an external strategy.
• D) a merger.
• E) a scalable business model.

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Definitions:

Frequency Distributions

A summary table or graph that shows how frequently different values occur in a dataset, often organized in ascending order.

Parameters

Numerical values that summarize data for the entire population.

Mean

The arithmetic mean is computed by summing all the numbers in a set and then dividing by the total number of entries in that set.