Final answer:
The statement is true: an effective category plan should include all details of analytics such as market analysis, as well as shapes and dimensions of physical components for product development and design.
Step-by-step explanation:
The statement that a category plan should include all details of the analytics associated with the market and category assessment is True. In business, a detailed design of a category plan incorporates extensive research and analysis of the market, which informs the strategic decisions related to the positioning and development of a product or service within its category. An effective category plan goes beyond just analyzing market trends; it includes a comprehensive study of consumer behavior, competition, potential barriers to entry, and future market predictions to ensure a well-crafted approach to category management.
To be more specific, a detailed design includes:
- A market analysis which provides insights on the supply and demand, competitors, and potential customers.
- Details on the shapes and dimensions of all physical components, which are essential for product development and design.