Jeremy Banks recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerable time doing research on the potential of the industry. The research that Jeremy was doing is called:
A) industry analysis
B) sector analysis
C) commercial analysis
D) business analysis
E) target market analysis

Question

Quizplus · Accepted Answer

The research that Jeremy was doing is called industry analysis, which involves gathering and analyzing data on the market, competitors, trends, and other factors that affect the industry as a whole. This type of analysis is often done to identify opportunities and risks for a new business entering the industry.

Jeremy Banks Recently Started a New Firm in the Financial