The External Market Opportunities Which Are Most Relevant to a Company

question 107

Multiple Choice

The external market opportunities which are most relevant to a company are the ones that

• A) increase market share.
• B) reinforce its overall business strategy.
• C) match up well with the firm's financial resources and competitive capabilities, offer the best growth and profitability, and present the most potential for competitive advantage.
• D) correct its internal weaknesses and resource deficiencies.
• E) help defend against the external threats to its well-being.

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Definitions:

NFC (Near Field Communication)

A set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within close proximity.

VR (Virtual Reality)

A simulated experience that can be similar to or completely different from the real world, often using specialized equipment like headsets for immersive interaction.

Cruising Experience

The overall enjoyment and satisfaction a person gains from traveling on a cruise ship, which may include amenities, destinations, and onboard activities.

Customer Power

The influence that customers have over a business or market, often demonstrated through their ability to drive trends, decide the success of products or services, and command attention to their needs and preferences.