Once the boundaries of an industry have been identified, the task facing managers is to analyze competitive forces in the industry environment to identify opportunities and threats.

Question

Quizplus · Accepted Answer

This statement is true. After identifying the boundaries of an industry, managers need to analyze the competitive forces in the industry environment to identify potential opportunities and threats. This analysis helps the managers to develop appropriate strategies to compete effectively in the industry.

Once the Boundaries of an Industry Have Been Identified, the Task