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2008 CFA Level 1 - Sample 样题(1)-Q44

44Bharath Advanced Technologies, Inc., is a large firm in a competitive industry. The company has above-average investment opportunities and its return on investments has been above the required rate of return. In addition, Bharath has invested heavily in fixed assets and technology to reduce its production costs. The company has also increased its advertising budget substantially to establish a strong brand image for its products. From the above description, Bharath is best characterized as a:

A. cyclical company that follows a low-cost strategy.

B. speculative company that follows a differentiation strategy.

C. growth company that follows a defensive competitive strategy.

D. defensive company that follows an offensive competitive strategy.

      

[此贴子已经被作者于2008-11-7 15:30:38编辑过]

 a

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 谢谢

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 tx

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kk

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D

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C

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THANKS

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ding

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3x

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