Karl Is a Member of His Firm's Strategic Planning Team

question 100

Multiple Choice

Karl is a member of his firm's strategic planning team.He has identified several untapped markets that exist in other countries.In a SWOT analysis,his observation should be listed as a(n) _____.

• A)opportunity
• B)weakness
• C)strength
• D)threat

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Definitions:

Equation

A mathematical statement that asserts the equality of two expressions, represented by the symbol "=".

Luxury

Goods or services that are considered non-essential but desirable, often associated with high quality and high price.

Price Elastic

The responsiveness of the quantity demanded or supplied of a good to a change in its price. High elasticity means quantity changes significantly with price changes.

Necessity

A requirement or indispensability; something that cannot be done without.