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 trends portion of the industry analysis is arguably the most important section.

Question

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The Answer of 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 trends portion of the industry analysis is arguably the most important section.

Which of the Following Statements Is Incorrect Regarding the Industry