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kifflom [539]
3 years ago
5

Consulting firms are frequently characterized according to whether their primary skill is strategic planning or tactical analysi

s and implementation.
(A) True
(B) False
Business
1 answer:
jarptica [38.1K]3 years ago
8 0

Answer:

The correct answer is (A) True.

Explanation:

Increase profitability, adapt to trends, reduce expenses, maximize production, optimize processes, improve positioning, develop the potential of human resources and achieve the long-awaited business success, are some of the advantages offered by consultancies. We could summarize four types of consulting:

1) Strategic consulting

This type of consulting is important to help owners, managers and managers in general, to have the necessary tools to solve their problems and maximize efficiencies, at a general organizational and strategic level.

2) Economic-financial consulting

The economic-financial analysis is present in any important decision that a company must make. This type of consulting helps the entrepreneur to know and analyze their own balance sheets and operating accounts, to make sense of operational decisions. Feasibility studies and investment analysis are also essential in any decision to initiate economic activity, organizational changes, diversification processes, outsourcing of services, international expansion, reduction of operating units, etc.

3) Marketing and marketing consulting

If you do not have your own marketing area, this type of consultancy will be ideal to meet this type of needs. Marketing consulting is an excellent way to give the organization help on the following topics:

4) Specialized consulting

This type of consulting requires experts who are recognized in this field to be able to provide this service.

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Firms using the __________ approach during the decline stage of the product life cycle will gradually reduce marketing expenditu
In-s [12.5K]
<span>Firms using the Harvesting approach during the decline stage of the product life cycle will gradually reduce marketing expenditures and use a less resource-intensive marketing mix.
In business, harvesting approach is a practice to exploit as much profit as possible from a certain company's product before it pulled out from the market. Usually being done because the firms want to replace the product with a newer one.</span>
6 0
3 years ago
Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a 10% return on the company's
Damm [24]

Answer: $75.33

Explanation:

First find the total costs of a round of golf for the entire season:

= Fixed costs + Variable costs

= 30,000,000 + (17 * 600,000 rounds)

= $40,200,000

They would like to earn 10% on 50,000,000 which is $5,000,000

The revenue should therefore be:

= Costs + Expected return

= 40,200,000 + 5,000,000

= $45,200,000

Price per round to achieve this:

= Revenue / Rounds of golf

= 45,200,000 / 600,000

= $75.33

6 0
2 years ago
Cheyenne has a small bakery specializing in gourmet cupcakes. In response to customer demand, she has added gluten-free cupcakes
Romashka [77]

Cheyenne has a small bakery specializing in gourmet cupcakes. In response to customer demand, she has added gluten-free cupcakes to her menu. This customer demand would be characterized as feedback.

<u>Explanation:</u>

In the viewpoint of systems the information gathered from the society regarding the output of anything is feedback. This is definitely affect the input also. It has either affect positively or negatively. It is very important for any business to be successful. Feedback plays a major role in this process.

Feedback is the process by which the views of the customers are gathered. Some of the people may like a particular product for some reasons. Some of the people may not like the same product for some reasons. The fact is that the tastes and preferences of people differs from each other. Thus, the features of the products can be improved only with the feedback system.

8 0
3 years ago
How soon following the occurrence of a covered loss must an insured submit written proof of such loss to the insurance company?
dolphi86 [110]

Answer:

The answer is: Within 90 days; about 3 months.

6 0
2 years ago
If a monopolist is able to increase the amount of product she sells from 400 to 420 units by lowering the price of that product
elixir [45]

Answer:

-$55

Explanation:

The computation of the marginal revenue is shown below:

As we know that

Total revenue = Price × Quantity

For 400 units, the total revenue is

= 400 × $50

= $20,000

And for 420, the total revenue is

= 420 × $45

= $18,900

Now the marginal revenue is

= ($18,900 - $20,000) ÷ (420 units - 400 units)

= -$55

4 0
3 years ago
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