Great confidence booster if you get all the answers correct. Also a great learning tool if you do not get the 70%
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Tatenda·
The test was very helpful. Was happy to get everything correct.
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kengarrettTutor·
Thanks! Glad you found it helpful
B
badekoya·
Hello, is open tuition notes and lectures enough to pass cima E3. Thanks
K
kengarrettTutor·
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.
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kengarrettTutor·
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Substitutes: old outdated technology is ripe for substitute products being developed.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.
K
kengarrettTutor·
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Substitutes: old outdated technology is ripe for substitute products being developed.
N
nkolechewe·
how do I check correct answers
K
kengarrettTutor·
Once you score at least 70% you can review all the answers.
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Substitutes: old outdated technology is ripe for substitute products being developed.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.
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.