Favorable Conditions in the Marketplace Environment That Could Produce Business

question 31

Multiple Choice

Favorable conditions in the marketplace environment that could produce business rewards for the organization if acted on properly are called

• A) strengths.
• B) market strategies.
• C) market niches.
• D) threats.
• E) opportunities.

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Definitions:

Express Agreement

A contract where the terms are clearly stated and verbally or in writing agreed upon by all parties.

Unregistered Partnership

A business partnership that has not been formally registered with state or local authorities, often affecting its legal rights and liabilities.

Contributory Negligence

A legal principle where the plaintiff's own negligence plays a role in the harm suffered, potentially reducing the compensation they can receive.

Statement of Defence

A formal document filed by the defendant in a lawsuit detailing their defenses or objections to the claims made in the statement of claim.