The External Market Opportunities That Are Most Relevant to a Company

question 71

Multiple Choice

The external market opportunities that 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:

Internal Revenue Code

The federal statute that codifies all the United States tax laws, including income tax, payroll tax, gift tax, estate tax, and many other types of taxes.

Tax Liability

The total amount of tax that an individual or entity is legally obligated to pay to a taxing authority based on income, property value, transactions, or other taxable events.

Wage-Earning Taxpayers

Individuals who receive income in the form of wages, salaries, or tips from employment.

Withholding

The practice of deducting taxes from an employee's salary by their employer, to pay it directly to the government as a part of the employee's income tax liability.