Usually, External Opportunities and Threats Are

question 98

Multiple Choice

Usually, external opportunities and threats are

• A) uncontrollable by a single organization.
• B) controlled by governments.
• C) not as important as internal strengths and weaknesses.
• D) key functions in strategy implementation.
• E) key functions in strategy exploitation.

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Definitions:

Imports

Goods or services brought into one country from another for sale or use.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between options.

Comparative Advantage

The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than others.

Trade Deficit

The economic condition that arises when a country imports more goods and services than it exports.