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What is Industry Analysis?

Industry analysis: Industry is a sector which produces similar goods and services for sale. There are 3 types of industries: ·          Primary Industry: In primary industry the raw materials are collected or stored for next process. In other words natural resources are collected which act as a raw material for next process. ·          Secondary Industry: In this industry the raw material collected in primary industry are used in this industry for manufacturing the product. ·          Tertiary Industry:   Tertiary industry provides the product and services to consumer. It does not produce anything like above two industries. Factors affecting Industry Analysis: ·          Past sales: The past sales data of an industry helps to determine the future sales and sales growth level. With the help of past recor...