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Showing posts from September, 2019

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 records industry can find out the factors which affect the sales. It helps to detect the future sales by considering those factors. ·          Government policy: The g