What is the kind of response in which a business should make

Q18) What is the kind of response in which a business should make efforts to exploit the opportunity and reduce the threats:

Correct

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Solution:
The kind of response in which a business should make efforts to exploit the opportunity and reduce the threats is (a) Strategic Responses.

Strategic responses are proactive measures taken by a business to maximize its strengths and opportunities while minimizing its weaknesses and threats.
This can involve investing in new technologies, expanding into new markets, streamlining operations, or collaborating with other businesses.
By strategically responding to the economic environment, a business can position itself for long-term success and growth.
Correct option is (a)