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CIMAPRA19-E01-1 Exam - Topic 5 Question 108 Discussion

Actual exam question for CIMA's CIMAPRA19-E01-1 exam
Question #: 108
Topic #: 5
[All CIMAPRA19-E01-1 Questions]

CompanyXYZhas just launched an innovative technology device, designed to appeal to those consumers who want to be seen with the latest products. Which of the following pricing strategies would bemostsuitable at the time of the product's launch?

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Suggested Answer: A

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Aleshia
6 months ago
Not sure if skim pricing will work; it might turn off budget-conscious buyers.
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Lisha
6 months ago
Surprised they didn't go for a premium price right away!
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Elenora
6 months ago
Cost-plus pricing? That's too basic for a launch like this.
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Eloisa
7 months ago
I think penetration pricing could attract more early adopters.
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Jillian
7 months ago
Skim pricing makes sense for a new tech device!
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Margart
7 months ago
Cost-plus pricing seems too basic for a new tech device; I feel like they should capitalize on the novelty instead.
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Trina
7 months ago
Captive pricing sounds familiar, but I don't think it fits here since it's usually for products that require additional purchases.
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Carman
8 months ago
I'm not entirely sure, but I remember something about penetration pricing being effective for gaining market share quickly.
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Salena
8 months ago
I think skim pricing might be the best option since the product is innovative and could attract early adopters willing to pay more.
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Lavera
8 months ago
I feel confident about this one. Based on the details provided, I think the answer is clear.
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Venita
8 months ago
I'm a little confused by the wording of the question. Can someone clarify what they mean by "most suitable" pricing strategy?
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Kallie
8 months ago
Okay, let's see. The key is to consider the goal of appealing to consumers who want the latest products. I have a strategy in mind.
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Nobuko
8 months ago
Hmm, I'm a bit unsure about this one. I'll need to think it through carefully to make sure I select the best option.
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Marylyn
8 months ago
This seems like a straightforward pricing strategy question. I think I know the right approach here.
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Robt
1 year ago
Oooh, 'captive pricing'? Sounds like the perfect strategy for those of us who are tech-addicted and easily duped.
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Elenor
1 year ago
Penetration pricing? Sounds a bit...intimate. But hey, if it means I can snag this tech toy at a discount, I'm all for it.
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Lizette
11 months ago
Agreed, it's a smart move to get people talking about the new product.
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Shaniqua
11 months ago
Definitely! It's all about getting that initial market share with a lower price point.
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Onita
11 months ago
I think Penetration pricing would be great for attracting customers like me who love a good deal.
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Corazon
11 months ago
D) Skim pricing
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Thea
12 months ago
C) Captive pricing
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Merlyn
12 months ago
B) Cost-plus pricing
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Jeannetta
1 year ago
A) Penetration pricing
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Cathern
1 year ago
Cost-plus pricing? Boring! Where's the excitement in that? I want a pricing strategy that screams 'look at me and my shiny new gadget!'
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Wai
12 months ago
A) Penetration pricing
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Millie
1 year ago
D) Skim pricing
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Dudley
1 year ago
A) Penetration pricing
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Alyce
1 year ago
Captive pricing? What is this, a hostage situation? I'm looking for a deal, not to be held ransom by the latest tech fad.
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Danica
12 months ago
I agree, captive pricing sounds like they're trying to trap us into paying more.
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Paulene
1 year ago
D) Skim pricing
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Lore
1 year ago
B) Cost-plus pricing
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Lonny
1 year ago
A) Penetration pricing
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Bernardo
1 year ago
I see both points, but I think Captive pricing could also work well to lock in customers for the long term.
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Lauran
1 year ago
I disagree, I believe Skim pricing would be more suitable to maximize profits from early adopters.
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Aimee
1 year ago
Skim pricing all the way! I want to feel like I'm getting the latest and greatest, even if it costs me an arm and a leg.
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Ria
1 year ago
Exactly, I'd be willing to pay more to have the latest technology.
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Vallie
1 year ago
I agree, it creates a sense of exclusivity and premium value.
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Paulina
1 year ago
Skim pricing is definitely the way to go for a product like this.
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Santos
1 year ago
D) Skim pricing
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Ariel
1 year ago
C) Captive pricing
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Mindy
1 year ago
B) Cost-plus pricing
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Alfred
1 year ago
A) Penetration pricing
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Carmelina
1 year ago
I think Penetration pricing would be the best option to attract customers quickly.
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