CIMA E3 Chapter 4 Test
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Great confidence booster if you get all the answers correct. Also a great learning tool if you do not get the 70%
The test was very helpful. Was happy to get everything correct.
Thanks! Glad you found it helpful
Hello, is open tuition notes and lectures enough to pass cima E3. Thanks
In addition, it is essential to buy a revision kit/question bank from BPP (20% discount if bought though this site) or Kaplan so that you can have lots and lots of question practice.
Can anyone tell me the answers to questions 3 & 4 please?
Supplier power: you can only buy a component from one supplier. That suppliermjas a monopoly so is v powerful.
Competition: you have 2%…..you will be squeezed by the big companies
Buyer power: 75% of your output goes to one customer. That customer has power over you.
Threat of new entrants: high capital expenditure will lessen this because of the risk and expense.
Substitutes: old outdated technology is ripe for substitute products being developed.
Supplier power: you can only buy a component from one supplier. That suppliermjas a monopoly so is v powerful.
Competition: you have 2%…..you will be squeezed by the big companies
Buyer power: 75% of your output goes to one customer. That customer has power over you.
Threat of new entrants: high capital expenditure will lessen this because of the risk and expense.
Substitutes: old outdated technology is ripe for substitute products being developed.
For 4, all are barriers to entry except for subsidies which ease entry by providing money.
Thankyou!
how do I check correct answers
Once you score at least 70% you can review all the answers.