Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which statements are true regarding opportunities? Some weaknesses can make it difficult to pursue opportunities. Opportunities are issue that happen outside the company that can

Which statements are true regarding opportunities? Some weaknesses can make it difficult to pursue opportunities. Opportunities are issue that happen outside the company that can make it easier for the industry to earn higher profits. Opportunities can benefit some competitors in an industry by allowing them to lower costs or grow sales. Companies can best pursue opportunties by developing a strategy that aligns with their strengths and addresses critical weaknesses. Examples of opportunities may include availability of new technology, a stable economy, growing demand, few rivals. It is easier to pursue opportunities if you posess certain strengths. Examples of opportunities may include customers who are loyal to your brand, a stable economy, growing demand, strong rivals. A company can create opportunities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Small Business Management Launching And Growing Entrepreneurial Ventures

Authors: Justin G. Longenecker, J. William Petty, Leslie E. Palich, Frank Hoy

19th Edition

0357039416, 9780357039410

More Books

Students also viewed these General Management questions

Question

What are the important facts related to this situation?

Answered: 1 week ago