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Basic Question 1 of 4

According to McGahan and Porter, industry and competitive forces can act as ______ on a company's returns.

A. a floor
B. a ceiling
C. both a ceiling and a floor

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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

describe the purposes of, and steps involved in, industry and competitive analysis

CFA® 2026 Level I Curriculum, Volume 3, Module 6.