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CIPS Exam A6 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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Tarra
2 months 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 months ago
Yeah, setting a high price for a new innovative product makes sense to quickly recover costs.
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Alica
1 months ago
I agree, option B is definitely the best description of skimming.
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Casandra
2 months 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
2 months 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
2 months 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
28 days ago
It's a good strategy for new and innovative products.
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Denae
1 months ago
That's true, it helps in recovering costs quickly.
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Hollis
1 months ago
Skimming is all about setting a high price initially.
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Wilda
1 months ago
I agree, option B is the correct answer.
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Ozell
2 months 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
2 months 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
2 months 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
2 months ago
I disagree, I believe it's A.
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Chan
3 months ago
I think the answer is B.
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