Which of the following focuses on these five factors: competitors, potential entrants to the market, equivalent products, bargaining power of customers, and bargaining power of suppliers?
A) balanced scorecard
B) product differentiation analysis
C) industry analysis
D) business process reengineering

Question

Quizplus · Accepted Answer

Industry analysis is the examination of the five forces that affect competition in a particular industry, namely competitors, potential entrants to the market, equivalent products, bargaining power of customers, and bargaining power of suppliers. The other options are not directly related to this type of analysis.

Which of the Following Focuses on These Five Factors: Competitors