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what is importance knowing this •Industry overview
• Target market
• Competition
•Pricing and forecast
please elaborate your answer
what is importance knowing this •Industry overview
• Target market
• Competition
•Pricing and forecast
please elaborate your answer
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Answer:
Industry analysis is a tool that many businesses use to assess the market. It is used by market analysts, as well as by business owners, to figure out how the industry dynamics work for the specific industry studied. Industry analysis helps the analyst develop strong sense of what is going on in the industry.