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“correctly indentify the market and sector of industry within which the businesses operate”
Explanation
Given a business and, possibly, information about it, can you state (correctly!):
- the type of market it’s in eg commodity, consumer etc
- the industry sector it’s in eg primary, secondary etc
Assistance
This is a relatively easy assessment criteria. In most cases you will simply be asked to state which market or industry sector the business operates in. You either know this or you don’t: possible easy marks!
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