Historical comparisons provide information to managers about changes in a firm's competitive position. Historical comparisons are often misleading
A) if the overall strategy of the firm is the same.
B) in periods of recession or economic boom.
C) if the firm shows constant growth.
D) if the firm's stock is publicly traded.

Question

Quizplus · Accepted Answer

Historical comparisons can be misleading during periods of recession or economic boom because these periods represent extreme economic conditions that may not accurately reflect the firm's normal competitive position.

Historical Comparisons Provide Information to Managers About Changes in a Firm's