Low cost foreign competition, classified as?
Correct answer: B. potential threats
- A. potential opportunities
- B. potential threats
- C. potential strengths
- D. potential weaknesses
Explanation
Low-cost foreign competitors can reduce a company’s market share and profit margins, so they represent an external threat. They are not an internal weakness or strength.
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About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
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