Examples of pure service businesses include airlines, banks, computer service bureaus, law firms, plumbing repair companies, motion picture theaters, and management consulting firms.
A consulting firm, or simply a consultancy, is a business that offers specialized labor and knowledge for hire while utilizing consultants. A consulting firm may employ one person or thousands, and it may provide advice in a variety of fields, including management, engineering, and other fields.
Consulting services refers to the delivery of knowledge or strategic counsel that is made available for consideration and judgment. An individual or organization that contracts to offer services other than consulting services to another person or firm is known as a non-consulting service provider.
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Answer:
1. Technology.
2. Resources.
3. Institutions.
Explanation:
An economic growth can be defined as an increase in the market value of the finished goods and services produced by an economy in a particular country at a specific period of time. It is measured typically by the Gross Domestic Products (GDP).
Generally, economists are of the opinion that the economic growth and development of a particular country is determined by some critical factors.
By consensus among economists, the broad factors for economic growth are;
1. Technology: if well harnessed, technological advancement plays a vital role in the growth and development of a country's economy. An improvement in the application of technology implies that the same level of labor will increase productivity and thus, lowering the cost of economic growth and development.
2. Resources: this would help to boost the level of output or production being made available by a country through the discovery of more resources such as crude oil, land, gold, water, minerals etc.
3. Institutions: creation of institutions that would regulate, support and finance businesses would go a long way in advancing the economic growth and development of a particular country.
Answer:
The correct answer is option A.
Explanation:
When the interest rate decreases people will get less return on deposits. So they will prefer to hold money as a cash instead of depositing in banks. Similarly, if price level increases people will need more money to pay for transactions. So, the transactionary demand for money will increase. People will prefer to hold more money.
Answer:
$2.4 million
Explanation:
Given that
Earnings before interest and tax (EBIT) = 3 million
Depreciation = 1.2 million
Tax rate = 40%
Capital expenditure + Net operating working capital (NOWC) = 0.6 million
Recall that
Free cash flow = EBIT (1 - T) + depreciation - ( Capital expenditure + NOWC)
Therefore,
FCF = 3 (1 - 0.4) + 1.2 - 0.6
= 1.8 + 1.2 - 0.6
= 3.0 - 0.6
= $2.4 million
Answer: $1.49
Explanation:
First, we would calculate the diluted shares outstanding which will be:
= 200,000 + 12,000(6/36)
= 200,000 + 12,000(1/6)
= 200,000 + 2,000.
= 202,000
Diluted earnings per share = Net income / Diluted shred Outstanding
= 300,000 / 202,000
= $1.49