Multiple choice

Expansion into a new line of business is a/an

  1. strength of a firm

  2. weakness of a firm

  3. opportunity for a firm

  4. threat for a firm

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Expansion into a new line of business is an opportunity for a firm. Useful opportunities can come from things such as: • Changes in technology and markets on both a broad and narrow scale • Changes in government policy • Changes in social patterns, population profiles, lifestyle changes, etc. • Local events