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CIMAPRO19-P02-1 Exam - Topic 8 Question 100 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam
Question #: 100
Topic #: 8
[All CIMAPRO19-P02-1 Questions]

An organization is competing in the high technology market. It sets a high sales price for its products initially to target the early adopters, and then the price is gradually reduced.

This pricing strategy is known as:

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Suggested Answer: C, D

by Lorenza at Sep 16, 2024, 06:22 AM

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Glenna
3 months ago
Premium pricing sounds like a good fit too, but skimming makes more sense here.
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Ettie
3 months ago
Really? I’m not sure that strategy always works.
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Raymon
3 months ago
Totally agree, skimming is the way to go for new tech!
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German
4 months ago
I thought it was penetration pricing at first.
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Yaeko
4 months ago
That's definitely market skimming!
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Ruth
4 months ago
Premium pricing sounds familiar too, but I don't think it involves gradually reducing prices like market skimming does.
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Aimee
4 months ago
I recall practicing a question similar to this, and I think market skimming was the answer. It makes sense for high-tech products.
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Justa
4 months ago
I'm not entirely sure, but I feel like penetration pricing is more about setting a low price to attract a large customer base quickly.
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Von
5 months ago
I think this is about market skimming, right? I remember it being used for new tech products to maximize profits from early adopters.
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Jenifer
5 months ago
Hmm, I'm a little confused. The question doesn't explicitly state the goal of the pricing strategy, so I'm not sure if it's market skimming or penetration pricing. I'll have to think about the nuances of each strategy to decide.
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Chantell
5 months ago
I'm leaning towards market skimming as well. The high initial price and gradual reduction fits that strategy, and it makes sense for a high-tech product targeting early adopters. I feel pretty confident about this one.
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Lorrie
5 months ago
Hmm, I'm a bit unsure about this one. The question mentions the price is gradually reduced, but it doesn't specify if the goal is to target early adopters or to undercut competitors. Could it also be considered penetration pricing?
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Zita
5 months ago
I'm pretty sure this is market skimming. The question describes a strategy of starting with a high price and gradually lowering it, which aligns with the definition of market skimming.
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Serina
5 months ago
Okay, let me think this through. The key details are that the organization is competing in the high tech market and is using a pricing strategy to target early adopters. Based on that, I'd say the correct answer is market skimming.
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Kristine
9 months ago
I bet the test writers are just sitting back and laughing as they watch us all debate this. 'Gradually reduced' - it's so obvious, guys!
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Albina
10 months ago
Penetration pricing, eh? Nah, that's more about setting a low price to gain market share. This is all about that sweet, sweet market skimming. A all the way!
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Stevie
8 months ago
I agree, market skimming is the way to go. A is the correct choice.
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Ernest
9 months ago
Yeah, market skimming is definitely the strategy here. A for sure.
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Kimberely
9 months ago
I think it's market skimming too. A is the right answer.
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Dick
10 months ago
Loss leader pricing? Really? This is clearly not a loss leader situation. Come on, people, pay attention to the details!
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Fidelia
9 months ago
C) Premium pricing
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Curtis
9 months ago
D) Loss leader pricing
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Natalie
9 months ago
C) Premium pricing
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Tandra
9 months ago
B) Penetration pricing
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Dorothea
10 months ago
B) Penetration pricing
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Ty
10 months ago
A) Market skimming
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Quentin
10 months ago
A) Market skimming
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My
10 months ago
I agree with Corinne, penetration pricing makes more sense in this scenario.
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Jesusita
10 months ago
Hmm, I was torn between market skimming and premium pricing, but the 'gradually reduced' part gives it away. Gotta go with A on this one.
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Corinne
10 months ago
I disagree, I believe the correct answer is B) Penetration pricing.
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Catarina
11 months ago
This one's a no-brainer! The pricing strategy described is definitely market skimming. High price to target early adopters, then gradually lower it - classic!
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Shizue
9 months ago
Definitely not loss leader pricing.
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Zana
9 months ago
D) Loss leader pricing
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Alison
9 months ago
Not premium pricing either.
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Salley
9 months ago
C) Premium pricing
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Dominga
9 months ago
No, it's not penetration pricing.
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Veda
9 months ago
B) Penetration pricing
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Tony
10 months ago
Definitely market skimming.
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Katie
10 months ago
A) Market skimming
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Rasheeda
11 months ago
I think the answer is A) Market skimming.
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