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0. Analyst 1: In industry analysis, we classify industries by life-cycle stage and identify whether it is embryonic, growth, shakeout, mature, or declining. Analyst 2: In industry analysis, we consider external factors that affect industries, which include demographic, macroeconomic, governmental, social, and technological influences. Which analyst’s statement is most likely correct?
Analyst 1.
Analyst 2.
Both.
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