What Should Be Included in the Market Analysis Section of a Business

question 76

Multiple Choice

What should be included in the market analysis section of a business plan?

• A)a discussion of customer behaviour
• B)how your services benefit customers
• C)why the business will be profitable
• D)a description of the form of your business and its type

---

Definitions:

Locus of Control

A psychological concept that refers to an individual's belief about the extent to which the outcomes of their actions are under their own control (internal locus) or beyond their control (external locus).

Self-efficacy

An individual's belief in their own capability to succeed in specific situations or accomplish a task.

Learned Responses

Behaviors or reactions that are developed through experience or conditioning rather than being innate.

Stimuli

External factors or changes in the environment that affect sensory organs and can provoke physical or behavioral responses.