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Identifying competitors in an industry involves conducting market research to understand who else is offering similar products or services within the same target market. This can include analyzing market reports, attending industry events, and monitoring competitor websites and marketing materials. Additionally, conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses can help identify key competitors and understand their positioning relative to your own company.
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Explain how the general environment and the industry environment are highly related how can such relationship affect the profitability of a firm or industry?
The general environment includes factors like economic conditions, socio-cultural trends, and technological advancements that can impact the industry environment, which consists of competitors, suppliers, and buyers. Changes in the general environment can create opportunities or threats in the industry environment, influencing the profitability of a firm or industry. For example, a recession in the general environment may lead to reduced consumer spending in the industry environment, affecting sales and profitability.
Explain how standard solution can be carried out in industry?
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Could you explain Today's Beverages Service Industry?
what are the critics explanation about today's beverages service industry?
What is the role of ict in the hospitality industry?
explain the importance of use of ICT in hospitality industry with the advantages and disadvantages
Explain and give an example of a primary industry?
A primary industry is one involved in the extraction of resources from their natural setting. An example of such is the mining industry.
Explain how the music industry affects community life?
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Explain the problems faced by iron and steel industry?
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Was Estee Lauder's business in the secondary or tertiary industry?
Was Estee Lauder's business in secondary or teriary industry? Explain.
With two examples from industry explain the role of science in production process?
explain role of reserch in both production
Explain the role of cost accounting in large scale industry?
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Explain what accounting is?
In simple terms Accounting is the process(technique) of identifying, recording, summarizing, analysing and interpreting transactions & events.
Explain why industry supported laissez-faire capitalism and social critics did not?
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