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CIMA Exam CIMAPRA19-E01-1 Topic 6 Question 64 Discussion

Actual exam question for CIMA's CIMAPRA19-E01-1 exam
Question #: 64
Topic #: 6
[All CIMAPRA19-E01-1 Questions]

Which of the following is a cost of information?

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Suggested Answer: A, B

by Colette at Jan 10, 2023, 02:51 AM

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Isaac
2 months ago
What, no option for 'buying the data from a third-party provider'? That's gotta be one of the biggest costs of information these days!
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Loren
16 days ago
Agreed, it's important to consider all the costs of information.
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Elke
21 days ago
True, it's definitely a major cost for businesses.
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Angelo
26 days ago
Yeah, buying data can be expensive too!
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Skye
1 months ago
D) Improving product design
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Clement
1 months ago
C) Improving pricing strategies
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Zita
1 months ago
B) Improving marketing strategies
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Floyd
1 months ago
A) Improving system design
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Julianna
2 months ago
Improving system design sounds like it could be a cost of information, since you need to invest in the infrastructure to collect and process the data. But I'm not totally confident in that answer.
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Roslyn
27 days ago
That could also be a cost of information, as you may need to gather data on market trends and competitor pricing.
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Mozelle
1 months ago
C) Improving pricing strategies
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Craig
1 months ago
I think that could be a cost of information because you need to invest in the infrastructure to collect and process the data.
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Rory
1 months ago
A) Improving system design
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Lorrine
2 months ago
I'm not sure, but I think the cost of information would be things like the hardware, software, and personnel needed to manage and analyze the data, not the costs of using that information to improve business strategies.
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Bette
6 days ago
A) Improving system design
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Abraham
8 days ago
D) Improving product design
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Malcom
19 days ago
C) Improving pricing strategies
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Belen
20 days ago
B) Improving marketing strategies
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Stefania
1 months ago
A) Improving system design
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Ashanti
2 months ago
But what about improving marketing strategies? Wouldn't that also incur a cost for obtaining information?
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Lauran
2 months ago
Hmm, I feel like the cost of information would be more related to the maintenance and storage of data, not things like marketing or product design. Those are more costs of business operations.
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Daniel
2 months ago
I agree with Nichelle, because having better systems can help gather and analyze information more efficiently.
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Nichelle
2 months ago
I think the cost of information is improving system design.
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