"The market" and "the industry" are:
A)Related but not the same thing
B)Unrelated and different
C)Exactly the same concept, and can be used interchangeably
D)Exclusively used in marketing and strategic management respectively

Question

Quizplus · Accepted Answer

"The market" refers to the overall demand and supply of a particular product or service, while "the industry" refers to the companies and organizations involved in producing and providing that product or service. They are related in that changes in one can impact the other, but they are not interchangeable terms.

"The Market" and "The Industry" Are