Discuss CIMA CIMAPRA19-E02-1 Exam Topic 6 Question 5

CIMAPRA19-E02-1 Exam - Topic 6 Question 5 Discussion

Posted by Barbra on May 06, 2022 at 04:26 AM

Which of the following best describes generic competitors?

ACompetitors which compete for the same income as the company.

BCompetitors which compete with products which, although technically quite different, satisfy the same needs.

CCompetitors which have similar goods but not necessarily the same size or structure organisation.

DCompetitors which have similar size and structure and offer similar products to the same customers.

Suggested Answer: A

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7 comments · newest first

Carlene 12 months ago

C is interesting, but I feel like it misses the point.

Floyd 1 year ago

Wait, are generic competitors really just about needs? That seems too simple.

Brandee 1 year ago

A sounds kinda right too, but not quite.

Major 1 year ago

Totally agree with B! It makes the most sense.

Tuyet 1 year ago

I think B is the right answer. They meet the same needs.

Cordie 1 year ago

Okay, I've got this. The primary objective is to reflect the client's wishes about how their wealth is distributed. That's the key purpose of estate planning, so I'll go with option B.

Dominga 1 year ago

I remember something about needing an XMPP server, so maybe it's B? That sounds familiar from the study sessions.

Thread summary

● Consensus

Community pick: Yes strong agreement

Vote breakdown

A 93%

B 3%

C 3%

D 1%

Summary updated from 7 comments · last activity 12 months ago

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