- 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
Industry consolidation usually happens in the ______ stage.
A. shakeout
B. mature
C. decline
User Contributed Comments 4
| User | Comment |
|---|---|
| gill15 | mature companies consolidate and become oligopolies. |
| psahni85 | Schweser says consolidation also happens in decline. |
| littlecow | but the book says maturity stage. Which source would you trust? Schweser or textbook? |
| miszkam | I think the textbook is wrong. Investopedia says consolidation occurs during shakeout) |