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CIMAPRO19-P01-1 Exam - Topic 4 Question 17 Discussion

A marketing manager is trying to decide which of four potential selling prices to charge for a new product. The state of the economy is uncertain and may show signs of recession, growth or boom. The manager has prepared a regret matrix showing the regret for each of the possible outcomes depending on the decision made.If the manager applies the minimax regret criterion to make decisions, which selling price would be chosen?
B) $45
A) $40
C) $50
D) $55

CIMAPRO19-P01-1 Exam - Topic 4 Question 17 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 17
Topic #: 4
[All CIMAPRO19-P01-1 Questions]

A marketing manager is trying to decide which of four potential selling prices to charge for a new product. The state of the economy is uncertain and may show signs of recession, growth or boom. The manager has prepared a regret matrix showing the regret for each of the possible outcomes depending on the decision made.

If the manager applies the minimax regret criterion to make decisions, which selling price would be chosen?

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Suggested Answer: B

References:


by Rhea at May 08, 2022, 04:19 AM

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Bulah
11 months ago
$40 might be too low, but I see the logic in minimizing regret.
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Jillian
11 months ago
Wait, are we sure about this? What if the economy shifts?
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Idella
11 months ago
I thought $50 would be better, but I guess not!
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Matilda
11 months ago
Totally agree, $45 seems like the safest bet.
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Gail
11 months ago
Looks like $45 has the lowest regret!
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Earleen
11 months ago
I'm pretty sure the answer is D. Namespaces in XML allow you to use XPath to access parts of the document.
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Juliana
12 months ago
This is a tricky one, but I think the best option here is Platform as a Service (PaaS). With the IT department already stretched thin, they could benefit from offloading the infrastructure management tasks to a cloud-based platform. That way, they can focus on building and deploying applications rather than worrying about the underlying hardware and software.
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Carmen
12 months ago
Hmm, this seems like a tricky one. I'm not entirely sure about the different Aviatrix features mentioned, so I'll need to think it through carefully and try to eliminate the incorrect options.
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