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Question
What Are the Major Components of Industry?
What Are the Major Components of Industry?
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Solution
The major components of an industry are:
- Competitors
- Potential competitors
- Distribution of channels
- Product differentiation
- Customer power
- Distribution channels
- Supplier power
- Economies of scale
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The major components of an industry are:
- Competitors
- Potential competitors
- Distribution of channels
- Product differentiation
- Customer power
- Distribution channels
- Supplier power
- Economies of scale
Stay tuned to BYJU’S for more such questions and answers on various commerce topics.
Also see:
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