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Exam IIA-CIA-Part3 All Questions

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Exam IIA-CIA-Part3 topic 1 question 37 discussion

Actual exam question from IIA's IIA-CIA-Part3
Question #: 37
Topic #: 1
[All IIA-CIA-Part3 Questions]

The first step in determining product price is:

  • A. Determining the cost of the product.
  • B. Developing pricing objectives.
  • C. Evaluating prices set by the competitors.
  • D. Selecting a pricing method.
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Suggested Answer: B 🗳️

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Langha
2 months, 1 week ago
B looks correct ... because without the pricing objective organization would not able to set appropriate pricing for example what is the objective of entering into the market for price skimming , creating barrier of entry for the new competitors or beating current competitors with low price initially so there are lot of motive for the organization . option B is correct to me
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AKKR
1 year, 1 month ago
In my opinion it should be A
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5016636409
9 months, 1 week ago
it is just like the target, after we decide the price target, we will decide the materials and so.
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Knot_Theory
10 months ago
Theoretically it might not be. For example, loss leaders, where the objective is to not make a profit or recover the cost but to incite the purchase of other items.
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C (25%)
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