Exam L4M3 Topic 7 Question 35 Discussion

Actual exam question for CIPS's L4M3 exam
Question #: 35
Topic #: 7
A company is considering entering a new market. Which of the following are the external factors that influence the difference between cost and price of this company? Select THREE that apply

Suggested Answer: D,E,F Vote an answer

The difference between cost and price is profit. According to Michael E.
Porter, the profitability of an industry is shaped by five forces:
1. Competition in the industry
2. Potential of new entrants into the industry
3. Power of suppliers
4. Power of customers
5. Threat of substitute products
The Question: only mentions
external factor, then business strategy is not accepted.
Reference:
LO 3, AC 3.3

by Una at Feb 24, 2026, 12:09 PM

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