The Winchester Group has experienced $20\%$ growth in revenue each year for the past three years, compared with average growth of $3\%$ for other companies in the same industry. During this same time, it has increased its use of technology and increased staffing by only $6\%.$ Is this company considered a growth company?

No$,$ the entire industry must be growing at roughly the same rate for companies to be considered growth companies.

No$,$ the company must experience simultaneous increases in revenue and staffing to be considered a growth company.

Yes, the company is increasing revenue faster than its competitors, so it is a growth company.

Yes, if the company experiences growth for two or more years, it is a growth company.