The 'cost advantages' can be the best classified as?
Correct answer: C. potential Strengths
- A. potential opportunities
- B. potential Threats
- C. potential Strengths
- D. potential Weaknesses
Explanation
Cost advantages are an internal capability that can help a firm compete through lower prices or higher margins, so they are a potential strength. Opportunities arise from external conditions rather than the firm’s own cost position.
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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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