9) Moat Trend Analysis is important because?

Note: I selected A and was told I was wrong

a)Moat strength does not remain static

b)Changes in moat strength must be assessed relative to changes in competitors

c)Positive-trend firms tend to grow more quickly and produce more profit

d)All of the above

10) Morningstar studies have found that most companies which achieve superior long-term results are those that?

Note: I selected A and was told I was wrong

a)Compete on differentiators rather than price, and prioritize increasing revenue over reducing costs

b)Compare current financial performance to that of their competitors (not just to their own previous performance)

c)Both A and B

d)None of the above