Consider the scenario where you, as a private equity analyst, receive a teaser for a company with a $15-$year operating history that has demonstrated consistent growth. Based on the typical content of a teaser, which of the following questions would likely be the most challenging to answer accurately using only the information provided in the teaser?

a$,$ Can the management team effectively lead and grow the business?

b$,$ What are the core operations and industry sector of the company?

c$,$ Does the company possess a long$-$term competitive advantage in its market?

d$,$ What is the company$$s growth trajectory and financial performance?