CIPS Exam L3M2 Topic 1 Question 4 Discussion

Actual exam question for CIPS's L3M2 exam

Question #: 4
Topic #: 1

[All L3M2 Questions]

Use of competition is most obviously going to influence which of the following 'rights'?

ARevenue

BTime

CPrice

DPlace

Show Suggested Answer

Suggested Answer: C

All aspects of an acquisition may be impacted by the use of competition - normally favourably - but the one we are most likely to see immediate impact on is 'price'.

by Gwenn at Mar 18, 2024, 05:53 PM

Limited Time Offer

25%

Off

Get Premium L3M2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Pearline

8 months ago

I never thought of that perspective. I agree with Thersa, B) Time makes sense.

upvoted 0 times

...

Thersa

8 months ago

Actually, I think B) Time is the right answer. Competition can affect how quickly a product moves.

upvoted 0 times

...

Michel

8 months ago

I see your point, but I still think it's D) Place that competition will impact.

upvoted 0 times

...

Rodrigo

8 months ago

I disagree. I believe it's C) Price that will be influenced by competition.

upvoted 0 times

...

Tijuana

8 months ago

I think the answer is A) Revenue.

upvoted 0 times

...

Afton

9 months ago

Competition can also affect the time it takes for products to reach the market.

upvoted 0 times

...

Wilburn

9 months ago

True, competition can lead to innovation and higher revenue.

upvoted 0 times

...

Jarvis

9 months ago

But competition can also improve quality, which affects revenue.

upvoted 0 times

...

Afton

10 months ago

I agree, competition can drive prices down.

upvoted 0 times

...

Wilburn

10 months ago

I think the use of competition definitely affects price.

upvoted 0 times

...