Asked by Jorge Ayala on Jul 15, 2024

verifed

Verified

__________ typically occur within the competitive, customer, economic, political/legal, technological, and/or sociocultural environments of the firm.

A) Strengths and weaknesses
B) Strengths and opportunities
C) Opportunities and threats
D) Weaknesses and threats
E) Opportunities and weaknesses

Competitive Environments

The dynamic external system in which businesses compete for resources, customers, and market position.

Sociocultural Environments

The societal and cultural factors that influence an organization's operations, including norms, values, customs, and demographics.

Opportunities

External factors or situations that can be leveraged by a business or organization to achieve its goals.

  • Gain insight into the concept and employment of SWOT analysis.
verifed

Verified Answer

AU
Andrea UreñaJul 19, 2024
Final Answer :
C
Explanation :
Opportunities and threats are external factors that typically occur within the competitive, customer, economic, political/legal, technological, and/or sociocultural environments of the firm. Opportunities represent external factors that the firm might exploit to its advantage, while threats are external challenges that could cause trouble for the business.