Opportunities arise when a company takes advantage of conditions in its environment to formulate and implement strategies that allow it to be more profitable.

Question

Quizplus · Accepted Answer

Opportunities in the environment can be a source of competitive advantage for companies that are able to identify and exploit them through effective strategy formulation and implementation. This can lead to increased profitability and success in the marketplace.

Opportunities Arise When a Company Takes Advantage of Conditions in Its