What factors do you have to consider when selecting a target industry for a venture:
A) The technology life cycle stage of the industry overall, often reflected by new technologies, products, and services recently announced by players in the industry
B) The channels of distribution within an industry
C) No existing barriers to entry that might make your life extremely difficult as an entrepreneur
D) All of the above

Question

Quizplus · Accepted Answer

All three factors are important to consider when selecting a target industry for a venture. The technology life cycle stage of the industry overall can affect the level of innovation and competition in the market. The channels of distribution within the industry can affect the cost and ease of reaching customers. Finally, it is important to consider any existing barriers to entry, as these can significantly impact the chances of success for a new venture.

What Factors Do You Have to Consider When Selecting a Target