PetroJac is a premier provider of oil field consultancy services in Roswell,New Mexico.Its consultants are experts on local conditions.Recent discoveries of metal deposits in its region have spawned attractive new markets outside of the oil field,which PetroJac has been unable to exploit.Global firms with cutting-edge technology have been attracted by the new markets.If PetroJac conducts a SWOT analysis,what would be one of its weaknesses?

Question

Quizplus · Accepted Answer

The question asks for a weakness of PetroJac, and the fact that the company has been unable to exploit the new markets outside of the oil field because it lacks access to cutting-edge technology can be considered a weakness. Choice B refers to a recent discovery of metal deposits, which is not a weakness but rather an opportunity. Choice C states that PetroJac's consultants are experts on local oil markets, which is a strength, not a weakness. Choice D refers to the entry of international companies into the market, which can be considered a threat, but not necessarily a weakness of PetroJac.

PetroJac Is a Premier Provider of Oil Field Consultancy Services