Most Recent CIPS A6 Exam Questions & Answers

Prepare for the CIPS Analysing the Supply Market exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIPS A6 exam and achieve success.

The questions for A6 were last updated on Nov 15, 2024.

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Question No. 1

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.

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Correct Answer: A

Question No. 2

Which of the following best describes a 'factor market'?

AA market where money is provided to help organizations to grow

BA market where goods and services are sold to customers

CA market where labour, raw materials and capital are bought and sold

DA market where advice and consultancy services are bought and sold.

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Correct Answer: D

Question No. 3

Which of the following best defines the term 'Exchange rate'?(2 marks)

AThe amount of business transacted between one country and another during a year

BThe speed with which a company receives payment for goods or services sold

CThe extent of barter transactions in a particular country

DThe value of one country Oscurrency measured against that of another.

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Correct Answer: D

Question No. 4

Which of the following best describes the concept of price equilibrium???

AA price which will secure a company as many sales as its competitors

BA price which will improve a country??s balance of trade with other countries

CA price which will be achieved when the quantities demanded and supplied are the same

DA price which will be acceptable to customers, directors and shareholders.

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Correct Answer: A

Question No. 5

Which of the following describes a critical part of the 'marketing mix'?

AThe payment of an invoice

BThe production process

CThe promotion of a product

DThe presentation of the plan.

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Correct Answer: A

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