A research process that provides the entrepreneur with key information about the industry,such as its current situation and trends is called
A)SWOT analysis.
B)VRIO analysis.
C)value chain analysis.
D)industry analysis.

Question

Quizplus · Accepted Answer

Industry analysis is the process of researching and gathering key information about the industry in which an entrepreneur plans to operate. This includes analyzing current market trends, competition, potential customers, and other factors that can affect the success of the business. SWOT analysis, VRIO analysis, and value chain analysis are also important tools for entrepreneurs, but they are more focused on evaluating the internal strengths and weaknesses of the organization, rather than the external market factors.

A Research Process That Provides the Entrepreneur with Key Information