A(n)________ is a major favorable situation in a firm's environment.
A) Value chain
B) Strength
C) Opportunity
D) Capability

Question

Quizplus · Accepted Answer

An opportunity is a major favorable situation in a firm's environment. A business opportunity is a situation that allows the firm to take some consequential action that will result in significant positive outcomes for the firm. Opportunities can arise from changes in the external environment, such as technological advances or changes in consumer preferences, or from internal changes, such as the development of new products or services.

A(n)________ Is a Major Favorable Situation in a Firm's Environment