Defining the firm's industry is something that can be taken lightly; the small business owner really needs to learn only about the local market.Industry information can be learned later.

Question

Quizplus · Accepted Answer

Defining the firm's industry is important for the success of the business, and it involves understanding the broader market trends and competition beyond just the local market. Industry information can help inform business strategy and decision-making.

Defining the Firm's Industry Is Something That Can Be Taken