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- February 13, 2020 at 8:53 am
In the question “Sweet Cicely (Sept/Dec 17)” the answer says
– The variability of demand for SC’s chocolate bars is a risk, and the probabilities of different levels of demand can be estimated.
I can not find this information in the question. Your advice please.
KTFebruary 13, 2020 at 11:24 am
I think this risk is strongly implied by:
2nd para: “….. demand for SC chocolate bars will be influenced by external factors such as consumer tastes for chocolate over other sweets, and even the suggested health benefits of certain types of chocolate.” It would seem that these external influences are somewhat random.
3rd para ” In some countries, however, governments are considering introducing additional
taxes on products containing sugar in order to reduce the consumption of chocolate and confectionery products.” This might or might spread to other countries.February 14, 2020 at 4:26 am
I saw it’s mentioned to risk but I don’t see probabilities can be estimated. How can we know the probabilities can be estimated in this question?
KTFebruary 15, 2020 at 5:17 am
When the answer says ‘can be estimated’ it is meaning this in the sense ‘have been estimated’ as, in App 2, probabilities are quoted.
Presumably this must have been done using some of sort of market survey, but almost certainly, in real life, the probabilities would be fairly unreliable.
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