Which of the Following Statements Is Incorrect Regarding the Industry

question 59

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 should be discussed, which include both environmental and business trends.
• E) The industry analysis should conclude with a brief statement of your beliefs regarding the long-term prospects for the industry.

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Definitions:

Business Supply Spending

Expenditure by businesses on the procurement of goods and services necessary for their operations, including office supplies, machinery, and software.

Core Corporate Functions

Essential activities or operations critical to the management and sustained success of a corporation, such as finance, human resources, and marketing.

Suppliers

Individuals or companies that provide goods or services to another entity, typically within a supply chain.

Blockchain

A distributed ledger technology that allows data to be stored in a series of interconnected blocks, enhancing security and transparency.