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CIMA Exam CIMAPRO19-P01-1 Topic 4 Question 85 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam

Question #: 85
Topic #: 4

[All CIMAPRO19-P01-1 Questions]

A marketing manager is trying to decide which of four potential selling prices to charge for a new product. The state of the economy is uncertain and may show signs of recession, growth or boom. The manager has prepared a regret matrix showing the regret for each of the possible outcomes depending on the decision made.

If the manager applies the minimax regret criterion to make decisions, which selling price would be chosen?

A$40

B$45

C$50

D$55

Show Suggested Answer

Suggested Answer: C

References:

by Mariko at Apr 22, 2024, 02:49 PM

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Eleonore

9 months ago

That's a good point, The efficiency staying the same could impact the total variable costs to be included in the budget.

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Catarina

9 months ago

But isn't efficiency remaining unchanged a factor to consider as well? That might affect the costs.

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Lisbeth

11 months ago

I agree with The correct answer must consider the increase in both parcels delivered and distance traveled.

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Eleonore

11 months ago

I think the answer is A) Parcel related cost for next year = $112,308; Distance related costs for next year = $79,590.

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Andra

11 months ago

I'll recalculate based on the information provided and get back to you.

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Maybelle

11 months ago

Hmm, that could also be a possibility. Let's think it through.

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Andra

11 months ago

Are you sure about that? I was leaning towards B) Parcel related cost for next year = $109,118; Distance related costs for next year = $89,699

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Maybelle

11 months ago

I think the answer is A) Parcel related cost for next year = $112,308; Distance related costs for next year = $79,590

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