The micro-level analyses of markets and industries mainly focus upon:
A)economic factors affecting the market.
B)demographic factors affecting the market.
C)sociocultural factors affecting the market.
D)individuals in a market or industry.

Question

Quizplus · Accepted Answer

Micro-level analyses of markets and industries mainly focus on individuals in a particular market or industry, including their behavior as consumers, producers, and competitors, rather than broad economic, demographic, or sociocultural factors. Such analyses try to understand market and industry structures, interrelationships, and dynamics between different actors and their impacts on competition, innovation, and profits. By analyzing the micro-level factors, firms can identify opportunities, threats, and strategic options that can affect their performance and sustainability.

The Micro-Level Analyses of Markets and Industries Mainly Focus Upon