Free CIPS L3M3 Exam Questions

What is the term for a situation where a seller sets a high introductory price for a new product, to attract buyers who have a strong desire to get the product early, and who can afford it? The price then gets gradually reduced over time.

Conducting individual and group-based (focus groups) in-depth interviews.

Is this quantitative or qualitative data gathering?

What do we call a contract term which is part of the contract, but which is not written into the contract documents?

A concise structured document showing all risks for a contract / unit / organisation, including details of nature of risk, risk owner, anticipated impact, possible responses, etc

A justification of an action (expenditure) that is to be taken by an organisation.