It is the most known type of interpretation. The price for consecutive interpretation is lower compared to simultaneous interpretation, it depends on languages, subject and consistency of a translator's work.
Consecutive interpretation is almost used in all business meetings, negotiations, conferences, different exhibitions, round-table talks, etc. Guiding for foreign citizens are also considered this type of interpretation.
An exception is interpretation called "chuchotage". An interpreter interprets simultaneously for a certain listener without using special equipment and by whispering at that time.
Choosing a format for an interpretation depends on the scale of an event and where it will be held, the number of participants, the number of language pairs, duration of the speech, possibility of the use of special equipment, etc.