Varying conditions of expansion or recession around the world would not affect the comparisons of companies with sales in different regions of the world.TrueFalse

When industry growth is stagnant, companies will likely avoid price competition to grow market share.TrueFalse

When the company's cost of capital is in excess of the return the company earns, economic profit is earned and value is created for shareholders.TrueFalse

The embryonic stage is characterized by rapid growth and price

competition.TrueFalse

The Russell system uses three tiers.TrueFalse

Industry consolidation and relatively high barriers to entry are two characteristics of a growth$-$stage industry.TrueFalse