What is an example of an opportunity for a business?

Expansion into new markets represents an opportunity for a business because it allows for the potential increase in revenue and market share. By entering new geographical areas or targeting different customer segments, a business can capitalize on unmet needs or demand that they can fulfill. This expansion can also lead to diversification, reducing reliance on the current market and spreading risk. It opens up pathways for growth and innovation, enabling businesses to leverage their strengths and improve overall performance.

Other options, such as increased regulatory pressure, high competition, and poor product performance, reflect challenges or threats that can hinder a business's success rather than provide opportunities for advancement.