Final answer:
Organization opportunities or threats may arise from market elements such as rivalry among competitors, bargaining power, and barriers to entry, which prevent new competitors from entering a market and influence market competition.
Step-by-step explanation:
Examples of areas where an organization might have opportunities or threats include rivalry among competitors, bargaining power of customers or suppliers, and barriers to entry. Barriers to entry are significant when discussing opportunities and threats because they are the legal, technological, or market forces that may discourage or prevent potential competitors from entering a market. This can include government regulations like licensing requirements, control of resources such as owning a spring with pure water, or other factors like economies of scale or a well-known trademark.
If a monopolistic competitor is earning economic profits, the presence of barriers to entry might deter new firms from entering the market, despite the profit incentive. These barriers can take various forms and can significantly influence the level of competition within an industry. They play a crucial role in determining the competitive dynamics and profitability of companies.