A strength is
A)A favorable condition in a company's environment.
B)Distinctive capability, resource, skill, or other advantage that a company has vis-à-vis its competitors.
C)Represented by changes in the economic conditions in an industry.
D)None of the above

Question

Quizplus · Accepted Answer

A strength is a distinctive capability, resource, skill, or other advantage that a company has vis-à-vis its competitors. This can include things such as brand recognition, intellectual property, efficient processes, strong financials, or talented employees. A favorable condition in a company's environment (choice A) may contribute to a company's strength, but it is not the definition of a strength. Choice C is incorrect because economic conditions are external factors that could impact a company's opportunities and threats, not strengths. Choice D is incorrect because one of the other choices is the correct definition of a strength.

A Strength Is