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:

Sensory Adaptation

The process by which sensory receptors become less responsive to constant stimuli over time, allowing organisms to focus on changes in their environment.

Feature Detection

A process in the brain that involves identifying specific elements of visuals, such as lines, edges, or movement, to interpret what is seen.

Audition

The sense or act of hearing.

Absolute Threshold

The minimum intensity of a stimulus required to be detectable by a sensory system 50% of the time.