The 'market leadership' can be the best classified as?
Correct answer: C. Potential Strengths
- A. Potential opportunities
- B. Potential Threats
- C. Potential Strengths
- D. Potential Weaknesses
Explanation
Market leadership is an internal capability or advantageous position, so it is classified as a strength in SWOT analysis. Opportunities and threats arise from the external environment, while weaknesses represent internal limitations.
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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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