Opportunities and threats, however, are external factors that are not created by the company, but emerge as a result of the competitive dynamics caused by gaps or crunches in the market.

STRATEGIC MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Opportunities and threats, however, are external factors that are not created by the company, but emerge as a result of the competitive dynamics caused by ‘gaps’ or ‘crunches’ in the market.

A	TRUE
B	FALSE

Explanation:

Detailed explanation-1: -Environmental scanning is a process that systematically surveys and interprets relevant data to identify external opportunities and threats that could influence future decisions.

Detailed explanation-2: -Record and review your business weaknesses The SWOT analysis tool can be used to identify and explore opportunities. Opportunities are the external factors that, if used effectively, can help you build your competitive advantage.

Detailed explanation-3: -A SWOT (strengths, weaknesses, opportunities and threats) analysis is a planning process that helps your company overcome challenges and determine which new leads to pursue.

There is 1 question to complete.

BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT