Podcast
Questions and Answers
What component is typically included in market intelligence that involves evaluating the bargaining power of suppliers and buyers, the threat of new entrants, and the rivalry among existing competitors?
What component is typically included in market intelligence that involves evaluating the bargaining power of suppliers and buyers, the threat of new entrants, and the rivalry among existing competitors?
- Pricing analysis
- Porter's 5 forces (correct)
- Market trends
- Benchmarking
Which aspect of market intelligence focuses on understanding the external factors impacting the industry, such as economic conditions and regulatory changes?
Which aspect of market intelligence focuses on understanding the external factors impacting the industry, such as economic conditions and regulatory changes?
- Market drivers and dynamics (correct)
- Market best practices/Competitive intelligence
- Supplier landscape
- Market strategies
What type of analysis is crucial in market intelligence to identify the strengths, weaknesses, opportunities, and threats related to suppliers in the market?
What type of analysis is crucial in market intelligence to identify the strengths, weaknesses, opportunities, and threats related to suppliers in the market?
- Supplier Risk assessment
- SWOT analysis (correct)
- Supplier profiles
- Supplier capability assessment
Which component of market intelligence involves comparing a company's performance metrics against industry peers to identify areas for improvement?
Which component of market intelligence involves comparing a company's performance metrics against industry peers to identify areas for improvement?
What aspect of market intelligence involves analyzing current and future trends that may impact the demand for products or services within an industry?
What aspect of market intelligence involves analyzing current and future trends that may impact the demand for products or services within an industry?
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