Studying industry changes over time is essential for businesses to understand the strength of the competitive forces but does not provide insight into opportunities and threats in the industry.

Question

Quizplus · Accepted Answer

Studying industry changes over time can provide businesses with insights into emerging opportunities and potential threats, as well as highlighting areas for innovation or adaptation. Therefore, it can provide valuable insights into opportunities and threats within the industry.

Studying Industry Changes Over Time Is Essential for Businesses to Understand