Opportunities Are Characteristics of the Internal Environment That Have the Potential

question 57

True/False

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

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Definitions:

Satisfy Customers

The business goal of meeting or exceeding the needs and expectations of customers, often leading to increased loyalty and repeat business.

Generate Profits

The process of creating a financial gain for a business, typically through revenue exceeding costs.

Social Media

Websites and applications designed for social networking, content sharing, and community engagement, allowing users to create and share content or participate in social networking.

Discounts

Reductions from the usual cost of goods or services offered to customers, typically to encourage purchases.