- CFA Exams
- CFA Level I Exam
- Study Session 13. Equity Investments (2)
- Reading 40. Introduction to Industry and Company Analysis
- Subject 4. Principles of Strategic Analysis
CFA Practice Question
An industry experiencing rapidly increasing demand and improving profitability is best characterized as being in the ______ stage.
A. embryonic
B. growth
C. shakeout
Explanation: There is a low level of competition between companies in this industry.
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