Market analysis is the study of both qualitative and quantitative valuations, as it deals with the value and volume of the market’s size and looks at other factors, such as competition with other brands, the economic environment in terms of entry barriers and regulation, and different customers’ buying patterns.
This sort of study aids in the identification of a company’s vulnerabilities, threats, opportunities, and strengths, among other things. Aside from that, it controls the connection between supply and demand for a specific product or service.
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