Familiarize yourself with the following industry. PAYX

Answer the following questions for this industry analysis. Using any annual reports found online very easily. All 12 questions need to be answered: a- l.

a) What industry does your teams company operate in? b) How did you define the industry? c) What customers does the industry serve? What need do the customers have which companies in this industry satisfy? Are there other ways in which these customers could satisfy these needs? d) What are the principle products or services created by companies that operate in this industry? e) Explain in reasonable detail what two or three of these products or services are, and how they meet the needs of a customer. f) Where is this industry with respect to the product life cycle? What information would you look for to estimate future demand for these products? g) How do companies in this industry make money? h) How do companies compete in this industry? i) Describe the industry with respect to Michael Porters Five Forces model. j) What key relationships would you expect to find in the financial statements of companies in this industry? Why? k) What are the key success factors for companies operating in this industry? How would you measure them? l) What are the key drivers of the industry growth rate?