Which term refers to areas within business analysis that denote specialized knowledge?

The term that refers to areas within business analysis denoting specialized knowledge is "knowledge areas." In business analysis, knowledge areas represent specific domains of expertise that professionals draw upon to effectively perform their roles. These areas help to categorize and define the various skills, tools, techniques, and practices that are essential for successful business analysis.

Knowledge areas ensure that business analysts possess a comprehensive understanding of critical aspects such as requirements management, stakeholder engagement, and solution assessment. By integrating these knowledge areas, analysts can tailor their approach to meet the unique needs of projects and organizations, thus enabling them to deliver valuable insights and resolutions.

In contrast, the other options refer to different concepts that do not encapsulate the notion of specialized knowledge in the scope of business analysis. For example, market-oriented structure typically pertains to organizational frameworks focusing on market strategy, while function points are metrics used to estimate the functional size of software. An organizational model relates to the arrangement of different components within an organization, rather than the specialized expertise required for business analysis.