Opportunities arise when a company can take advantage of conditions in its industry environment to formulate and implement strategies that enable it to become more profitable.

Question

Quizplus · Accepted Answer

This statement is true. Opportunities can arise in various forms such as changes in customer preferences or technology advancements, and companies can leverage these opportunities to improve their profitability by developing and implementing effective strategies.

Opportunities Arise When a Company Can Take Advantage of Conditions