Question

U.S. residents accounted for over 75 percent of cruise ship passengers, and U.S. ports had 8 million passengers leaving on cruises in 2004. The growth in cruise travel was phenomenal after the terrorist attacks on September 11, 2001. According to a situational analysis, this event created an _____ for the industry.a. internal strength
b. internal weakness
c. internal threat
d. external weakness
e. external opportunity

Answer 1

Answer:

e. External opportunity

Explanation:

An  external opportunity is an extension of the market due to some external development outside the industry. In this case, the cruise industry has benefited in a major way due to external developments.

Answer 2

Situational analysis would mean that the September 11 attacks created an e. external opportunity.

What is an external opportunity?

This is when an event happens outside an industry that leads to the industry experiencing growth.

The 9/11 attacks were outside the cruise ship industry but as a result of them, the Cruise ship industry recorded massive growth.

In conclusion, option E is correct.

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