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Describe the Purpose of Industry/target Market Feasibility Analysis, and Identify

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Essay

Describe the purpose of industry/target market feasibility analysis, and identify the two primary issues that should be considered. What is the difference between a firm's industry and its target market?


Definitions:

Foreign Economic Development

The process of stimulating economic growth and development in developing countries through international aid, investment, and policy support.

Factory System

A method of production that uses machinery and a systematic approach to manufacturing goods, often characterized by large-scale operations and labor segmentation.

Lowell

A city in Massachusetts known for its significant role in the American Industrial Revolution, especially in textile manufacturing.

Slater

Samuel Slater, often known as the "Father of the American Industrial Revolution" for introducing British textile manufacturing technology to America.

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