The 'new overseas markets' can be the best classified as?
Correct answer: A. Potential opportunities
- A. Potential opportunities
- B. Potential Threats
- C. Potential Strengths
- D. Potential Weaknesses
Explanation
Access to new overseas markets is an external condition that may create growth, so it is classified as a potential opportunity. Strengths and weaknesses arise from inside the organization, whereas threats are harmful external conditions.
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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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