CIPS L3M3 Exam - Topic 3 Question 49 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 49
Topic #: 3

[All L3M3 Questions]

Looking specifically at how a quoted price compares to the cost of production is called:

AFactor analysis

BPrice analysis

CPsycho analysis

DCost analysis

Show Suggested Answer

Suggested Answer: D

Comparison of prices across different suppliers would be called 'price analysis'; drilling down into costs of making or doing something would be called 'cost analysis'.

by Ryan at May 11, 2026, 10:28 PM

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Goldie

8 hours ago

It's definitely B) Price analysis.

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Ronny

6 days ago

I'm leaning towards D) Cost analysis, but I keep mixing up the terms we learned.

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Antonio

11 days ago

I feel like this question is similar to one we practiced about evaluating costs versus market prices. Maybe it's A) Factor analysis?

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Amber

16 days ago

I remember discussing cost analysis, but I can't recall if that specifically compares quoted prices.

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Christiane

2 months ago

I think it might be B) Price analysis, but I'm not entirely sure. We covered something similar in class.

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