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Yurgen is opening a financial consulting service for high-income retirees in his area. This target market is used to paying for quality and associates high quality with high prices. Yurgen should probably NOT use a market penetration pricing strategy because he might be missing out on customers who would pay more for his products.
What is financial consultants ?
A financial advisor and a financial consultant are practically the same. They frequently provide a variety of services, and their financial advise is geared on the objectives and needs of the customer. Financial consultants occasionally have more experience with financial planning than your regular financial advisor. However, most financial counselors also offer investment services. The phrase "financial advisor" has generally taken the place of the relatively outmoded word "financial consultant." Financial consultants may operate for an organization or independently, serving both businesses and private clients.In summary, financial consultants provide individualized guidance to aid investors in increasing their wealth.
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