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CIPS L3M3 Exam - Topic 3 Question 49 Discussion

Looking specifically at how a quoted price compares to the cost of production is called:
D) Cost analysis
A) Factor analysis
B) Price analysis
C) Psycho analysis

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:

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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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Pansy
4 days ago
I think it's D) Cost analysis.
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Muriel
9 days ago
I’m not so sure about that, seems tricky!
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Venita
14 days ago
I agree with Selma, B is the right choice.
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Vonda
19 days ago
Wait, is C) Psycho analysis even a real option here?
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Georgiann
25 days ago
I think it's actually D) Cost analysis.
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Selma
30 days ago
It's definitely B) Price analysis.
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Dorathy
1 month ago
Not sure about this one, feels like they all could fit somehow.
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Joaquin
1 month ago
I agree with Goldie, B is the right choice!
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Ena
2 months ago
Wait, is C) Psycho analysis even a real option here?
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Alison
2 months ago
I thought it was D) Cost analysis, but I see the difference now.
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Goldie
2 months ago
It's definitely B) Price analysis.
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Ronny
2 months ago
I'm leaning towards D) Cost analysis, but I keep mixing up the terms we learned.
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Antonio
2 months 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
2 months ago
I remember discussing cost analysis, but I can't recall if that specifically compares quoted prices.
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Christiane
4 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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