Free CIPS L4M2 Exam Questions
Absolute Free L4M2 Exam Practice for Comprehensive Preparation
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CIPS L4M2 Exam Questions
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Provided By: CIPS
- Exam: Defining Business Needs
- Certification: CIPS Certification
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Total Questions: 305
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Updated On: Mar 05, 2025
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Rated: 4.9 |
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Online Users: 610
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Question 1
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Which of the following factors would mean a buyer had high bargaining power in a competitive market?
Select TWO that apply.
Answer: A,D
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Which of the following factors would mean a buyer had high bargaining power in a competitive market?
Select TWO that apply.
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Question 2
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When developing a business case for a new product, a procurement department must consider...
Answer: B
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When developing a business case for a new product, a procurement department must consider...
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Question 3
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A supplier of software has received a request to quote for a product. The software supplier considers
that the buying organisation making the request provides relatively little benefit or alignment to their
own strategy. Which one of the following options describes how the supplier might react to the buyer?
Answer: A
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A supplier of software has received a request to quote for a product. The software supplier considers
that the buying organisation making the request provides relatively little benefit or alignment to their
own strategy. Which one of the following options describes how the supplier might react to the buyer?
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Question 4
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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
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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?
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Question 5
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Company A sells a product for $100. The total variable costs are $60. Fixed costs as in its account are $20,000. How many products does the company have to sell to achieve break-even point?
Answer: B
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Company A sells a product for $100. The total variable costs are $60. Fixed costs as in its account are $20,000. How many products does the company have to sell to achieve break-even point?