CIMA Exam CIMAPRA17-BA1-1 Topic 4 Question 102 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 102
Topic #: 4

The average price of recorded music CDs has been declining for several years. Which of the following changes in market conditions would NOT be a cause of this?

AAvailability of new cheaper substitutes such as downloads

BIncreased competition due to entry to the market by supermarket and internet sellers of CDs

CDecline in the number of CD shops due to bankruptcy and closure

DGrowth in popularity of alternative goods such as mobile phones and video games

Show Suggested Answer

Suggested Answer: A

by Ria at Oct 19, 2024, 03:34 PM

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Angella

1 months ago

D is the answer, obviously. I mean, who even listens to CDs anymore when you can stream everything on your phone? The music industry needs to adapt or it's going to become completely obsolete.

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You know, the decline in CD prices reminds me of the time when I tried to sell my old CD collection at a garage sale. No one wanted them, and I ended up giving most of them away for pennies. Times sure have changed!

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Celestina

6 days ago

C) Decline in the number of CD shops due to bankruptcy and closure

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Noah

30 days ago

B) Increased competition due to entry to the market by supermarket and internet sellers of CDs

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Belen

1 months ago

A) Availability of new cheaper substitutes such as downloads

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Rodolfo

2 months ago

Haha, the correct answer is clearly A. Who buys CDs these days when you can just download music for cheap or even free? The music industry is really struggling to keep up with the times.

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Asuncion

7 days ago

C) Decline in the number of CD shops due to bankruptcy and closure

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Leandro

1 months ago

B) Increased competition due to entry to the market by supermarket and internet sellers of CDs

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Julio

1 months ago

A) Availability of new cheaper substitutes such as downloads

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Jerry

2 months ago

I think B is the correct answer. Increased competition from supermarket and internet sellers would definitely drive down the prices of CDs.

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Maddie

2 months ago

Option D seems like the most reasonable answer. Growth in popularity of alternative goods like mobile phones and video games would likely lead to a decline in demand for music CDs, and hence lower prices.

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Lili

2 months ago

I believe the availability of cheaper substitutes like downloads would NOT be a cause.

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Xenia

2 months ago

I agree with Genevieve, but I also think the growth in popularity of other goods could be a factor.

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Genevieve

3 months ago

I think the decline in CD shops could be a cause.

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CIMA Exam CIMAPRA17-BA1-1 Topic 4 Question 102 Discussion

Contribute your Thoughts:

Angella

Audry

Celestina

Noah

Belen

Rodolfo

Asuncion

Leandro

Julio

Jerry

Maddie

Lili

Xenia

Genevieve