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What is the significance of an industry analysis

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Reference no: EM133175903

Answer the following questions.

1. What business do you have in mind that you are very interested?

2. How competitive is the environment of the business you have in mind? Why do you say so?

3. As a budding entrepreneur, what is the significance of an industry analysis?

4. Does Porter's Five Forces Model of Competition a useful tool in doing an industry analysis? Justify your answer.

Reference no: EM133175903

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