- CFA Exams
- CFA Level I Exam
- Study Session 8. Corporate Finance (2)
- Reading 23. Mergers and Acquisitions
- Subject 3. Mergers and industry life cycle
CFA Practice Question
Vertical mergers are common in these industry life cycle stages:
II. Rapid accelerating growth.
III. Mature growth.
IV. Stabilization and market maturity.
V. Deceleration of growth and decline.
I. Pioneering development.
II. Rapid accelerating growth.
III. Mature growth.
IV. Stabilization and market maturity.
V. Deceleration of growth and decline.
A. All of them
B. III and V
C. I, II and IV
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