An Entrepreneur Started a Management Consulting Company

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.