GEB 3942 Micro Consulting
Full Finals Exam Review (Qns & Ans)
2025
1. Multiple Choice
A micro-consulting firm is hired to analyze a small business's
declining sales. What is the first step in addressing this issue?
A. Implementing immediate sales strategies
B. Conducting a root cause analysis
C. Developing a new marketing campaign
D. Reviewing competitors' sales data
ANS: B. Conducting a root cause analysis
©2025
, Rationale: Identifying the underlying issues behind declining
sales ensures that appropriate and effective solutions are
implemented.
---
2. Fill-in-the-Blank
_ is the practice of offering highly specialized consulting services
to address specific and focused business problems.
ANS: Micro-consulting
Rationale: Micro-consulting provides targeted advice to
address particular challenges without the broader scope of
traditional consulting projects.
---
3. True/False
Micro-consulting typically involves long-term engagements with
clients to address comprehensive business strategies.
ANS: False
©2025
, Rationale: Micro-consulting focuses on short-term, specific
projects that deliver immediate value and solutions.
---
4. Multiple Response
Which skills are critical for success in micro-consulting? (Select
all that apply.)
A. Analytical problem-solving
B. Industry-specific expertise
C. Long-term project management
D. Strong communication skills
ANS: A, B, D
Rationale: Micro-consultants need to analyze problems
quickly, demonstrate expertise in the relevant industry, and
communicate solutions effectively.
---
5. Multiple Choice
©2025
, A micro-consulting team is working on a client’s pricing strategy.
Which tool is most effective for evaluating competitive pricing
trends?
A. SWOT Analysis
B. Market Research Surveys
C. Financial Ratio Analysis
D. Customer Satisfaction Index
ANS: B. Market Research Surveys
Rationale: Market research surveys provide insights into
competitors' pricing and customer preferences, supporting
informed pricing decisions.
---
6. Fill-in-the-Blank
The _ model is commonly used to evaluate the external
competitive forces affecting an industry during a micro-consulting
engagement.
ANS: Porter’s Five Forces
©2025
Full Finals Exam Review (Qns & Ans)
2025
1. Multiple Choice
A micro-consulting firm is hired to analyze a small business's
declining sales. What is the first step in addressing this issue?
A. Implementing immediate sales strategies
B. Conducting a root cause analysis
C. Developing a new marketing campaign
D. Reviewing competitors' sales data
ANS: B. Conducting a root cause analysis
©2025
, Rationale: Identifying the underlying issues behind declining
sales ensures that appropriate and effective solutions are
implemented.
---
2. Fill-in-the-Blank
_ is the practice of offering highly specialized consulting services
to address specific and focused business problems.
ANS: Micro-consulting
Rationale: Micro-consulting provides targeted advice to
address particular challenges without the broader scope of
traditional consulting projects.
---
3. True/False
Micro-consulting typically involves long-term engagements with
clients to address comprehensive business strategies.
ANS: False
©2025
, Rationale: Micro-consulting focuses on short-term, specific
projects that deliver immediate value and solutions.
---
4. Multiple Response
Which skills are critical for success in micro-consulting? (Select
all that apply.)
A. Analytical problem-solving
B. Industry-specific expertise
C. Long-term project management
D. Strong communication skills
ANS: A, B, D
Rationale: Micro-consultants need to analyze problems
quickly, demonstrate expertise in the relevant industry, and
communicate solutions effectively.
---
5. Multiple Choice
©2025
, A micro-consulting team is working on a client’s pricing strategy.
Which tool is most effective for evaluating competitive pricing
trends?
A. SWOT Analysis
B. Market Research Surveys
C. Financial Ratio Analysis
D. Customer Satisfaction Index
ANS: B. Market Research Surveys
Rationale: Market research surveys provide insights into
competitors' pricing and customer preferences, supporting
informed pricing decisions.
---
6. Fill-in-the-Blank
The _ model is commonly used to evaluate the external
competitive forces affecting an industry during a micro-consulting
engagement.
ANS: Porter’s Five Forces
©2025
