What type of knowledge equips a business analyst (BA) with understanding market forces, customer segments, services, products, and regulations?
What type of knowledge equips a business analyst (BA) with understanding market forces, customer segments, services, products, and regulations?
Industry knowledge equips a business analyst with an understanding of market forces, customer segments, services, products, and regulations. This type of knowledge encompasses a broad understanding of trends, drivers, key processes, and other factors that affect or are influenced by the industry and related sectors.
Page 200 - BABOK V3 Industry knowledge is an understanding of: • current trends, • market forces, • market drivers, • key processes, • services, • products, • definitions, • customer segments, • suppliers, • practices, • regulations, and • other factors that impact or are impacted by the industry and related industries.
It is correct.