module 5

Question 1

what is industry analysis?

Answer 1

industry analysis is a tool that many business use to assess the market

Question 2

What Types of Industry Analysis Are There?

Answer 2

Porter’s 5 Forces
PEST Analysis.
SWOT Analysis

Question 3

Porter’s 5 Forces/Competitive Forces Mode

Answer 3

The intensity of rivalry in the industry
The threat of new entrants to the industry
The bargaining power enjoyed by suppliers
The bargaining power enjoyed by buyers
The threat of substitute goods and services

Question 4

PEST Analysis/ Broad Factors Analysis

Answer 4

Political factors
Economic factors
Social factors
Technological factors

Question 5

SWOT Analysis

Answer 5

Strengths
Weaknesses
Opportunities
Threats

Question 6

What Are Some Effective Industry Analysis Tactics?

Answer 6

Look at What Has Already Been Documented
Be Choosy About the Industry You Analyze
Study the Supply and Demand of the Industry
Study Your Competitors
Study Recent Developments in the Industry
Do More Than Observe Market Forces