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Basic Question 1 of 1

Which of the following statements is (are) true with respect to the impact that external factors may have on industries?

I. Technological change will benefit all firms operating within a particular industry.
II. Consistent statutory tax rates across all industries will ensure that all industries are faced with the same degree of tax burden.
III. Lifestyle changes will have a more profound impact on an industry over the long term than the short term.
IV. Trade liberalization will benefit all industries as it expands their respective target markets.

User Contributed Comments 2

User Comment
msoussan I do not understand the II). someone can explain, please?
johntan1979 Keyword: all
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!


Learning Outcome Statements

describe macroeconomic, technological, demographic, governmental, social, and environmental influences on industry growth, profitability, and risk;

compare characteristics of representative industries from the various economic sectors;

CFA® 2024 Level I Curriculum, Volume 4, Module 40.