Which two factors can limit a firm's product-market possibilities, particularly if the company is just getting started?

Multiple select question.

financial resources

competitor weaknesses

human resources

market forecasts

1 answer

The two factors that can limit a firm's product-market possibilities, particularly if the company is just getting started, are:

  1. Financial resources - Limited financial resources can restrict a company's ability to develop products, market them effectively, and maintain operations, making it difficult to enter and compete in certain markets.

  2. Human resources - A lack of skilled personnel can hinder a firm's ability to innovate, market products, and manage operations effectively, thus limiting its overall product-market possibilities.

Competitor weaknesses and market forecasts can influence a firm's strategy but are not as directly limiting as financial and human resources when a company is just starting out.