Which of the following is a reason for managers to analyze an industry? To deter
ID: 2744010 • Letter: W
Question
Which of the following is a reason for managers to analyze an industry?
To determine the Five Forces factors
To determine which products or services to market
To justify decisions about which market segment is best to position their business into or out of
To eliminate business segments that are not profitable
A.To determine the Five Forces factors
B.To determine which products or services to market
C.To justify decisions about which market segment is best to position their business into or out of
D.To eliminate business segments that are not profitable
Explanation / Answer
To determine the Five Forces factors
It helps to understand competitor’s rivalry, power of customers, suppliers, threat of new entrant and threat of substitute.
- A.
To determine the Five Forces factors
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