Which of the following would be categorized as an external opportunity for a business?

External opportunities refer to factors in the business environment that can benefit a company and contribute to its growth and success, typically stemming from outside the organization. Market trends exemplify external opportunities because they reflect changes or developments in consumer preferences, technological advancements, or economic conditions that a business can capitalize on. By recognizing and responding to these trends, a company can adapt its strategies, innovate its offerings, and better meet customer needs, ultimately gaining a competitive advantage.

In contrast, employee skills are internal attributes, focusing on the capabilities of the workforce rather than external factors. Past experiences also fall within the internal realm, as they pertain to historical lessons and knowledge gained by the organization over time. Company resources, such as financial assets, facilities, and technology, are likewise internal elements that help define a business's operational capabilities. Thus, the distinction lies in the external nature of market trends, which can provide fresh opportunities for growth and development.