Defensive companies are firms in which
A) sales, earnings, and cash flows are extremely uncertain and not necessarily related to the economy.
B) sales, earnings, and cash flows are likely to withstand changes caused by the economic environment.
C) sales, earnings, and cash flows are heavily influenced by aggregate business activity.
D) sales, earnings, and cash flows are growing exponentially.
E) None of these are correct.
Correct Answer:
Verified
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