- 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
The focus of companies during the shakeout stage should be ______
A. re-investing their cash flows in new products.
B. building scale.
C. reducing cost structures and building brand loyalty.
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