How is pricing covered in Papers P3 and P5?
The topic of strategic pricing is not examined in P5 as it is in P3. However, there are obvious price implications related to many questions on performance management and candidates would be expected to comment on these. Lengthy discussion of, for example, market skimming and market penetration would not be required. The solution to Question 2 part a) of the December 2010 Paper is a good example of what is expected of candidates.
Related Questions
- Some candidates will be sitting P3, not having covered strategy, IT and HR in any earlier papers because of exemptions. What will be the balance between these topics in future papers?
- Why has ACCA introduced more cost accounting, forecasting, budgeting, pricing, probability and decision-making into the P3 syllabus?
- Are valuable papers covered?
