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

Actual exam question for CIMA's CIMAPRA19-E02-1 exam

Question #: 5
Topic #: 6

[All CIMAPRA19-E02-1 Questions]

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.

Show Suggested Answer

Suggested Answer: A

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

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Carlene

4 months ago

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

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Floyd

4 months ago

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

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Brandee

4 months ago

A sounds kinda right too, but not quite.

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Major

4 months ago

Totally agree with B! It makes the most sense.

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Tuyet

5 months ago

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

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Cordie

5 months 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.

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Dominga

5 months ago

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

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