Does demand move with the economic cycle

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Developing Business Plan

External analysis: Industry/market definition; Industry analysis: customers, current competitors, potential entrants, substitute products, and suppliers
Internal analysis: Strengths and weaknesses as compared to the competition
SWOT matrix
Business vision/mission
Company strategy
Business strategies (cost, differentiation, focus, or some combination)
Implementation strategy (selected from a range of options)

Are customers highly price-sensitive or relatively insensitive?

Is demand growing rapidly or is the industry relatively mature?

Does demand move with the economic cycle or is it insensitive to it?

Does demand vary with the seasons or is it relatively stable throughout the year?

Reference no: EM132979415

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