Question: 1. define the term industry 2. define the term industry analysis 3. outline clearly the steps to undertake PESTEL industry analysis 4. state the benefits

1. define the term "industry"
2. define the term "industry analysis"
3. outline clearly the steps to undertake PESTEL industry analysis
4. state the benefits and drawbacks of PESTEL Analysis
5. outline clearly the steps to undertake industry analysis using porter's five forces model.
6. state the benefits and drawbacks of using the five forces model.

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