One of the key issues addressed in the market profile is identification of major competitors and their market shares.

Question

Quizplus · Accepted Answer

The market profile is a tool used to analyze a particular market and its characteristics, including the identification of major competitors and their respective market shares. This information is important for businesses to understand their position within the market and develop effective strategies to stay competitive. Therefore, the statement is true.

One of the Key Issues Addressed in the Market Profile