Which of the following helps a manager identify the opportunities and threats in the competitive industrial environment?
A)analyzing the competitive forces.
B)market research.
C)market analysis.
D)sales analysis.

Question

Quizplus · Accepted Answer

Analyzing the competitive forces helps a manager identify the opportunities and threats in the competitive industrial environment by examining factors such as rivalry among existing competitors, the threat of new entrants, the bargaining power of buyers, the bargaining power of suppliers, and the threat of substitute products or services. This approach is often associated with Porter's Five Forces framework.

Which of the Following Helps a Manager Identify the Opportunities