Which of the Following Statements Is Incorrect Regarding the Industry

question 73

Multiple Choice

Which of the following statements is incorrect regarding the industry analysis portion of a firm's business plan?

• A) It is important to focus simultaneously on a business's industry and its target market.
• B) Industry structure refers to how concentrated or fragmented an industry is.
• C) Most industries have 6 to 10 key success factors that should be reported in the industry analysis.
• D) Industry trends, which include both environmental and business trends, should be discussed.
• E) The industry analysis should conclude with a brief statement of your beliefs regarding the long-term prospects for the industry.