Definition of Industry analysis:
A market assessment tool designed to provide a business with an idea of the complexity of a particular industry. Industry analysis involves reviewing the economic, political and market factors that influence the way the industry develops. Major factors can include the power wielded by suppliers and buyers, the condition of competitors, and the likelihood of new market entrants.
How to use Industry analysis in a sentence?
- Before purchasing the pig farm from Ezekiel, Biohazies R Us conducted an in depth industry analysis on profit margins for developing anthrax.
- The industry analysis concluded in determining that the region was a good choice for locations to build our new factory.
- When looking for land to build your company you must make sure you do and Industry Analysis , to be sure this is the kind of company you would like to enter into.. make sure this is the type of work you can build a company in.. are sales up.. are sales down... can you make profit, can you hire employees. You also will need to see how many other companies out there are like yours... this all goes into you industy ananlysis.
Meaning of Industry analysis & Industry analysis Definition