- CFA Exams
- CFA Exam: Level II 2021
- Study Session 8. Corporate Finance (2)
- Reading 23. Mergers and Acquisitions
- Subject 3. Mergers and industry life cycle
CFA Practice Question
Horizontal 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.
Correct Answer: All of them
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