This essay focuses on the implications of increasing the price .Your consulting firm was just granted an exclusive contract for Vanda-Laye Corporation.
Course Project
Your consulting firm was just granted an exclusive contract for Vanda-Laye
Corporation. You now must decide your pricing policy. The firm will encounter no
fixed costs, and all revenue is after taxes. As your firm has been granted an
exclusive contract, your pricing and output decisions will be those of a
monopolist.
Tasks:
Analyze what a monopolist is and the effects it could have on the consulting
firm.
Evaluate if any antitrust policies need to be put into place. How will your
pricing policy be justified?
When people hear the word “consulting,” they often think of Harvard MBAs advising enterprise businesses on corporate strategy.
They think that being a consultant means obtaining difficult degrees and certifications from prestigious universities in order to land a competitive job at a top consulting firm.
They envision a fancy office with thousands of impeccably dressed staff members, each with a packed suitcase ready for yet another international flight.
But in reality, this isn’t an accurate picture of consulting.
Not even close.
The true picture of modern consulting is a lot closer to home, and you probably know someone right now making great money as a consultant. 36% of the US workforce is currently engage in some form of independent consulting and contract work, and out of this group, nearly 20% of those working full-time are earning north of six figures.
In this guide, we’ll discuss the definition of consulting, explore its true meaning, evaluate why people hire consultants, and show you how to get into the field of consulting.
Explain the implications of increasing the price you will charge Vanda-Laye
Corporation verses what it was previously charge.
Submission Details;
Firstly, Submit a 2-3 page Microsoft Word document, using APA style.
Secondly, Name your file: SU_MBA5004_W4_CP_LastName_FirstInitial.doc
Thirdly, Submit your assignment to the Submissions Area by the due date
assigned.
Further, be keen
Further, be attentive
Finally, be innovative
Finally, have integrity