Industry analysis is a tool that facilitates a company’s understanding of its position relative to other companies that produce similar products or services. Understanding the forces at work in the ...

Consider a market vs industry in business. An industry exists to serve a market. If an industry becomes irrelevant to market demands, it fails. An example is the music recording industry, which has ...

A strengths, weaknesses, opportunities and threats, or SWOT, analysis lets your fashion business or brand see how it stacks up against the competition. The analysis tool will also help you understand ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Andrew Bloomenthal has 20+ years of editorial experience as a financial journalist and as a financial services marketing writer. David Kindness is a Certified Public Accountant (CPA) and an expert in ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Understanding your customers’ most valued features is ...