Industry Analysis for Business Plans

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What does the industry analysis contribute to your business plan?

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1. What information is in the industry analysis?

2. Why do you need to evaluate your competitors in the industry?

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About This Quiz & Worksheet

The purpose of this quiz and worksheet is to quickly gauge your knowledge of industry analysis. You will be quizzed on how this analysis is used for business plans.

Quiz & Worksheet Goals

These tools test your knowledge of:

  • What an industry analysis contributes to a business
  • Information contained in this type of analysis
  • Purpose of evaluating competitors in the industry
  • Definition of industry risks

Skills Practiced

  • Reading comprehension - ensure that you draw the most important details from the related business lesson
  • Knowledge application - use your knowledge to determine what information is in an industry analysis
  • Defining key concepts - ensure that you can define relevant terms such as industry risks

Additional Learning

You can expand your knowledge of this analysis using the lesson Industry Analysis for Business Plans. The lesson helps you meet these goals:

  • Explain the importance of finding the target market
  • Determine how to gain a competitive advantage
  • Understand the advantages of running an industry analysis
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