ECONOMICS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The purpose of conducting industry analysis is to understand the description of the condition of the taxpayer industry. The following are not factors that are considered in conducting industry analysis:
A
Industry and Market Character
B
Economical and regulatory factors that influence and/or determine success in the industry
C
Functions, assets and risks of each competitor
D
Level of business competition and identification of competitors
Explanation: 

Detailed explanation-1: -Industry analysis, for an entrepreneur or a company, is a method that helps to understand a company’s position relative to other participants in the industry. It helps them to identify both the opportunities and threats coming their way and gives them a strong idea of the present and future scenario of the industry.

Detailed explanation-2: -An industry analysis consists of three major elements: the underlying forces at work in the industry; the overall attractiveness of the industry; and the critical factors that determine a company’s success within the industry.

Detailed explanation-3: -An industry analysis is a marketing process that provides statistics about the market potential of your business products and services. This section of your plan needs to have specific information about the current state of the industry, and its target markets.

There is 1 question to complete.
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