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A marketing analysis is a study of the dynamism of the market Its purpose is to formulate a strategy on how to run your business efficiently
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To put into perspective the gross output of the technology sector exceeds that of the legal services industry the automotive industry the airline industry the motion picture industry the hospitality industry the agriculture industry and the restaurant industry just to name of a few examples source Bureau of Economic Analysis
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One of the most critical sections of your business plan is your market analysis Find out just what information you need to know about your potential customers
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Here is a proper industry and market analysis example Here is an example of an industry and market assessment for our engineering company Terra Engineering
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