Understanding the status and trends of an industry can be aided by ________.
A) Checking out the internet public library, your local Small Business Administration, chamber of commerce, or local business school or college library
B) Looking for recent articles on the industry in magazines or by using Google or other search engines
C) Looking on competitors' Web sites
D) All of the above
E) None of the above

Question

Quizplus · Accepted Answer

Checking out various sources such as internet public library, Small Business Administration, chamber of commerce or local business school or college library can give a comprehensive understanding of the industry. Looking for recent articles on the industry in magazines or using search engines can give updated information on the latest trends. Checking competitors' websites can give an idea about their strategies and position in the market. Hence, all of the above options (A, B, C) are correct for getting an understanding of the status and trends of an industry.

Understanding the Status and Trends of an Industry Can Be