This quiz is a part of the CFA Level 1 reading 'Industry and Company Analysis'. 

Industry and Company Analysis

Global Industry Classification Standard (GICS)

It will have a normal full product life cycle

Each improvement will help it achieve or maintain its profitability

The industry will be characterised with a high degree of research

Good margins cannot be made, despite having lower cost of inputs

Proper operating and reporting mechanisms are not required

This strategy is characterised by tight cost control and good management

Take customer feedback regarding the product or service

Review financial ratios and interpret them