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Stocks 204: Start Thinking Like an Analyst

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1.
Which of these is not a type of economic moat?
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Technological expertise. Technological expertise can form the foundation for an economic moat, but it is rare that the expertise provides a sustainable, long-term competitive advantage, because improvements in technology are often easily imitated.
2.
Which of the following questions will not likely help you analyze a business?
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None of the above. All of the above are good questions to ask in business analysis. There are hundreds more, of course. But these are a good start.
3.
What is an economic moat?
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A long-term competitive advantage that allows a company to earn oversized profits over time. A moat protects the business and does not let other businesses in.
4.
High switching costs help companies _______.
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Raise prices without the risk of losing customers.
5.
Determining the goal of a business is normally easy.
Choose wisely. There is only one correct answer.
False. Sometimes it is not easy, because a business might combine different objectives.