CIPS Exam A6 Topic 5 Question 58 Discussion

Actual exam question for CIPS's A6 exam

Question #: 58
Topic #: 5

[All A6 Questions]

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

AA low price set to gain acceptance of a new product

BReducing prices to increase sales and distribution

CA high price aimed at a quick recovery of costs

DA price set in line with that charged by competitors.

Show Suggested Answer

Suggested Answer: A

by Glendora at Aug 03, 2024, 09:44 PM

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Mireya

4 months ago

Haha, 'skimming' - sounds like someone's trying to make a quick buck off the top! But I guess option B is the way to go here.

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Caprice

3 months ago

Definitely, it's all about recovering costs quickly with a high price.

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Orville

3 months ago

Yeah, 'skimming' does sound a bit sneaky.

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Mollie

4 months ago

I think option B is the best choice.

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Lelia

4 months ago

I agree with Vernell, B is the correct answer because 'skimming' is about maximizing profits from early adopters.

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Renay

4 months ago

Skimming usually refers to a high price aimed at the early adopters, right? I'm going with option B as well, but I hope the question isn't as simple as it seems.

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Vivan

4 months ago

Hmm, I'm not so sure. Option B seems a bit too straightforward. I think there might be some hidden nuance here that the examiners are looking for.

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Tamekia

4 months ago

Maybe it's a temporary price reduction to increase sales in the short-term.

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Brinda

4 months ago

I'm not sure, but I think it might be about charging different prices to different customers.

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Danica

4 months ago

I see what you mean, but I think it's more about gaining market share with a low price.

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Rikki

4 months ago

I think 'skimming' is all about setting a high price at first.

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Vernell

4 months ago

But 'skimming' is about setting a high price for new products, not a low price.

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Zona

5 months ago

The pricing policy known as 'skimming' definitely sounds like option B to me. Charging a high price to quickly recover costs for a new and innovative product makes the most sense.

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