- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 6. Industry and Competitive Analysis
- Subject 4. Industry Structure and External Influences
CFA Practice Question
The branded pharmaceuticals industry ______
B. has high barriers to entry.
C. is in the growth phase.
A. is fragmented.
B. has high barriers to entry.
C. is in the growth phase.
Correct Answer: B
It is a concentrated industry and is in the mature phase.
User Contributed Comments 1
| User | Comment |
|---|---|
| johntan1979 | Fragmented: An industry in which no single enterprise has large enough share of the market to be able to influence the industry's direction. |