An analysis of a company that indicates that it has a powerful supplier, many substitutes, high level of competition from competitors with the list of competitors growing every day, would include which component of EIC analysis?
A) economy
B) industry
C) company
D) regulatory

Question

Quizplus · Accepted Answer

The correct answer is B) industry because the analysis focuses on factors such as the power of suppliers, the level of competition, and the presence of substitutes, which are all elements that pertain to the industry in which the company operates.

An Analysis of a Company That Indicates That It Has