1. Assuming the Porters analysis determines that the fast food industry had lower bargaining power of suppliers than expected, all-else-equal, this would increase the expected PE ratio of a fast food company stock.

True

False

2. Rivalry would be expected to be low in the lemonade industry if all lemonades mostly taste the same.

True

False

3. If we are currently in a low inflation, low growth economic regime, which would be the most appropriate asset class to put the client in?

Gold

Bonds

Commodities

Bitcoin