Which of the following is an example of a strength in a business context?

A reputation for being ethical is a clear example of a strength in a business context because it reflects a company's ability to operate with integrity, which can foster trust and loyalty among customers, employees, and stakeholders. This ethical stance can lead to a positive brand image, setting the business apart from competitors, and enhancing its market position. Companies known for their ethical practices often experience increased customer satisfaction and retention, as consumers are increasingly drawn to brands that align with their values.

In contrast, the other options do not exemplify strengths. Expansion into new markets can be seen as a potential opportunity but also carries risks and challenges that may not characterize it as a strength. Slow diversification can indicate a lack of agility or innovation, which might hinder growth. Suboptimal outlet locations suggest a strategic weakness, as they can negatively impact sales and customer accessibility. Recognizing and leveraging strengths like a strong ethical reputation is essential for building a sustainable competitive advantage in the business landscape.