单选题

The top-down, three-step process for analyzing the value of stock is comprised of（）。

A、 industry, company, and competitive analysis.
B、 economic, fundamental ratio, and technical analysis.
C、 macro-economic, industry, and company analysis.

【正确答案】 C

【答案解析】

The top-down decision process is characterized by first examining the macro-economic environment, industry environment, and then individual companies.