Which of the following economic characteristics is consistent with a grocery store chain?

• A. Minimal competition

• B. Extensive competition

• C. High net income to sales

• D. Differentiated product

Which of the following is not one of Porters five forces?

• A. Buyer Power

• B. Supplier Power

• C. Threat of Regulation

• D. Threat of Substitutes

The second step in financial statement analysis is to identify the company strategy. Which of the following is a question an analyst should ask when performing a strategy analysis?

• A. Are industry sales growing rapidly or slowly?

• B. Do earnings include revenues that appear mismatched with the business model employed by the firm?

• C. Does the industry include a large number of firms selling similar products?

• D. What is the companys degree of geographical diversification?