BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What would be a potential threat to a business?
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Changes in technology and markets e.g. The internet.
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Ability to prioritize
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Flexibility
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Intrusions in the market
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Explanation:
Detailed explanation-1: -Threats. Threats include anything that can negatively affect your business from the outside, such as supply-chain problems, shifts in market requirements, or a shortage of recruits. It’s vital to anticipate threats and to take action against them before you become a victim of them and your growth stalls.
Detailed explanation-2: -Threats are external factors that you have no control over. You may want to consider putting in place contingency plans for dealing with them if they occur. Do you have potential competitors who may enter your market? Will suppliers always be able to supply the raw materials you need at the prices you need?
There is 1 question to complete.