Asked by Jorge Ayala on Jul 15, 2024
Verified
__________ typically occur within the competitive, customer, economic, political/legal, technological, and/or sociocultural environments of the firm.
A) Strengths and weaknesses
B) Strengths and opportunities
C) Opportunities and threats
D) Weaknesses and threats
E) Opportunities and weaknesses
Competitive Environments
The dynamic external system in which businesses compete for resources, customers, and market position.
Sociocultural Environments
The societal and cultural factors that influence an organization's operations, including norms, values, customs, and demographics.
Opportunities
External factors or situations that can be leveraged by a business or organization to achieve its goals.
- Gain insight into the concept and employment of SWOT analysis.
Verified Answer
Learning Objectives
- Gain insight into the concept and employment of SWOT analysis.
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