Market Analysis for Business Plans: Example & Definition


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question 1 of 3

Which is NOT included in a market analysis for business plans?

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1. In industry demographics, why is it important to stay current with trends?

2. Important information pertaining to your target market includes _____.

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About This Quiz & Worksheet

If you complete both the quiz and worksheet, you'll get to gauge your knowledge of market analysis for business plans. Some topics you are assessed on include important information regarding a target market and industry demographics.

Quiz & Worksheet Goals

These educational resources help check your knowledge of business topics, which include:

  • Methods for determining the biggest competitors
  • Something important to know about a target market
  • Components of a market analysis for business plans
  • The importance of staying current with trends

Skills Practiced

  • Knowledge application - use your knowledge to identity the importance of staying current with trends in industry demographics
  • Interpreting information - verify that you can read information regarding barriers to entry that help companies who are already in the market and interpret them correctly
  • Reading comprehension - ensure that you draw the most important details from the lesson on market analysis

Additional Learning

Discover more about this topic with the lesson, Market Analysis for Business Plans: Example & Definition. Some tasks you can complete include:

  • Define market analysis
  • Understand the importance of knowing the target market
  • Examine the benefits of barriers to entry
  • See how to properly analyze competition