Which term covers external chances for increased sales or profits?

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Multiple Choice

Which term covers external chances for increased sales or profits?

External chances for growth are opportunities. They come from outside the business and represent favorable factors that could boost sales or profits if you act on them, such as rising market demand, entering a new market, shifts in consumer preferences, partnerships, or regulatory changes that make it easier to sell. They’re not guarantees, but they’re potential avenues to pursue. By contrast, threats are external forces that could harm the business, productivity measurement is an internal metric of how efficiently you operate, and income generation targets are internal goals set to achieve specific earnings.

External chances for growth are opportunities. They come from outside the business and represent favorable factors that could boost sales or profits if you act on them, such as rising market demand, entering a new market, shifts in consumer preferences, partnerships, or regulatory changes that make it easier to sell. They’re not guarantees, but they’re potential avenues to pursue. By contrast, threats are external forces that could harm the business, productivity measurement is an internal metric of how efficiently you operate, and income generation targets are internal goals set to achieve specific earnings.

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