Favorable Conditions in the Marketplace Environment That Could Produce Business

question 38

Multiple Choice

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

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

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Definitions:

Rent

The payment made to a landlord for the use of property, such as an apartment or commercial space, for a specified period.

Utilities

Essential services provided to the public, including electricity, gas, water, and sewage systems.

Break-even Point

The point at which total costs and total revenue are equal, meaning no net loss or gain is incurred by the business.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance expenses.