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:

Summative Evaluation

The assessment of the outcome or impact of an intervention after it has been implemented.

Quantitative Data

Numerical information that can be measured and quantified, allowing for statistical analysis and mathematical calculations.

Impact Evaluation

The assessment of the changes that can be attributed to a particular intervention, such as a project, program, or policy.

Excessive Cost

Expenses that exceed what is reasonable or necessary, often to the point of being unsustainable.