Free CIPS L4M2 Exam Questions
Absolute Free L4M2 Exam Practice for Comprehensive Preparation
-
CIPS L4M2 Exam Questions
-
Provided By: CIPS
- Exam: Defining Business Needs
- Certification: CIPS Certification
-
Total Questions: 305
-
Updated On: Apr 09, 2025
-
Rated: 4.9 |
-
Online Users: 610
-
Question 1
-
When developing a business case for a new product, a procurement department must consider...
Answer: B
-
When developing a business case for a new product, a procurement department must consider...
-
Question 2
-
Buyers in the same industry with the same understanding of relative value and price may still make different decisions about whether to switch. Which of the following factors may prompt a buying organization to incline toward substitute products?1. There is potential for backward integration2. Access to financial resources3. The switching cost is high4. The substitute fits organisation's strategy
Answer: D
-
-
Question 3
-
What issue is a buyer most likely to experience if the technical specification sent to suppliers as part of a
Request For Quotation (RFQ) is insufficient?
Answer: C
-
What issue is a buyer most likely to experience if the technical specification sent to suppliers as part of a
Request For Quotation (RFQ) is insufficient?
-
Question 4
-
A food manufacturer wants to predict the pricing point for a new and innovative health drink. Which
method of market research would be beneficial to receive the most accurate information?
Answer: B
-
A food manufacturer wants to predict the pricing point for a new and innovative health drink. Which
method of market research would be beneficial to receive the most accurate information?
-
Question 5
-
How can a procurement department meet the business needs when purchasing leverage items?
Answer: D
-
How can a procurement department meet the business needs when purchasing leverage items?