BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Center has been offered the latest sporting craze.
A
Strength
B
Weakness
C
Opportunity
D
Threat
Explanation: 

Detailed explanation-1: -Assuming the first question is rhetorical, the answer is: a sport. But pickleball’s not just any sport: It’s the fastest growing sport in the country with an estimated 4.8 million players in 2021. To those unfamiliar with pickleball, it’s a mashup of badminton, ping-pong and tennis.

Detailed explanation-2: -Opportunities. Opportunities refer to favorable external factors that could give an organization a competitive advantage. For example, if a country cuts tariffs, a car manufacturer can export its cars into a new market, increasing sales and market share.

Detailed explanation-3: -Opportunities and threats are external-things that are going on outside your company, in the larger market. You can take advantage of opportunities and protect against threats, but you can’t change them. Examples include competitors, prices of raw materials, and customer shopping trends.

Detailed explanation-4: -Potential External Opportunities Can Be: Serve additional customer groups. Enter new markets or segments. Expand product line to meet broader range of customer needs. Diversify into related products.

There is 1 question to complete.