Which of the following is a reason for managers to analyze an industry? To estab

Question

Which of the following is a reason for managers to analyze an industry?

To establish short-range objectives

To be able to understand reasons for market failure

To determine if a product is appropriate for a particular market

To understand the internal and external industry situation

To establish short-range objectives

To be able to understand reasons for market failure

To determine if a product is appropriate for a particular market

To understand the internal and external industry situation

Explanation / Answer

To understand the internal and external industry situation

Industry analysis is done to understand opportunities, threat both internally and externally for an industry.

To understand the internal and external industry situation

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