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CIPS A6 Exam - Topic 3 Question 71 Discussion

Actual exam question for CIPS's A6 exam
Question #: 71
Topic #: 3
[All A6 Questions]

Which of the following best describes the pricing policy known as 'skimming'?

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Suggested Answer: A

by Katlyn at Feb 10, 2025, 09:06 PM

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Brendan
6 months ago
Really? I always thought it was about matching competitors' prices.
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Danilo
6 months ago
Nope, it's definitely about high pricing.
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Gabriele
6 months ago
I thought skimming meant low prices to attract buyers?
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Dino
7 months ago
Totally agree, C is the right answer!
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Ashlee
7 months ago
Skimming is all about high prices to recover costs quickly.
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Judy
7 months ago
I thought skimming was more about competitive pricing, but now I’m questioning if that’s really what D means.
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Justine
7 months ago
I’m not entirely sure, but I feel like skimming has something to do with maximizing profits at launch, which sounds like C again.
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Lynda
7 months ago
I remember practicing a question like this, and I think skimming is definitely not about low prices, so A seems wrong.
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Annmarie
8 months ago
I think skimming is about setting a high price initially to recover costs quickly, so I’m leaning towards C.
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Deandrea
8 months ago
I'm a little confused by the wording of these options. I know 'skimming' has something to do with pricing, but I'm not sure which one fits best. I'll have to think about this one a bit more.
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Mertie
8 months ago
Okay, let me think this through. 'Skimming' is when you set a high price to recover costs quickly, right? I'm pretty confident that's the right answer, so I'll select C.
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Selma
8 months ago
Hmm, I'm not totally sure about this one. The options seem a bit similar, but I think 'skimming' refers to setting a high initial price, so I'll go with C.
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Kallie
8 months ago
I think this is a pretty straightforward question. The pricing policy of 'skimming' is clearly described as a high price aimed at quick cost recovery, so I'll go with option C.
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Tarra
1 year ago
B seems like the clear winner here. Skimming is the pricing strategy of choice for anyone who's feeling a bit 'creme de la creme' about their new product.
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Melinda
1 year ago
Yeah, setting a high price for a new innovative product makes sense to quickly recover costs.
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Alica
1 year ago
I agree, option B is definitely the best description of skimming.
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Casandra
1 year ago
Hmm, I'm going with B as well. Skimming is like the corporate version of 'the early bird catches the worm'.
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Chan
1 year ago
Well, skimming is about setting a high price for a new product to recover costs quickly, so I still think it's B.
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Charlene
1 year ago
I think B is the right answer. Skimming allows you to maximize profits in the short-term before competitors can undercut you.
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Elenora
1 year ago
It's a good strategy for new and innovative products.
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Denae
1 year ago
That's true, it helps in recovering costs quickly.
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Hollis
1 year ago
Skimming is all about setting a high price initially.
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Wilda
1 year ago
I agree, option B is the correct answer.
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Ozell
1 year ago
Definitely B. Skimming is all about charging a premium price to recoup your costs quickly when you've got a new and innovative product on your hands.
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Georgiana
1 year ago
I agree with you, it's definitely B. Skimming is all about recovering costs quickly with a high price for a new product.
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Derrick
1 year ago
I think it's actually A. Skimming is about setting a low price to gain a large market share.
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Gail
1 year ago
I disagree, I believe it's A.
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Chan
1 year ago
I think the answer is B.
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