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L4M6 PDF

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$36.75 Last Update August 1, 2025 Total Questions : 226 With In-Depth Explanation

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All CIPS Level 4 Diploma in Procurement and Supply Related Certification Exams


CIPS
L4M1
48 Q&As
Scope and Influence of Procurement and Supply
CIPS
L4M2
237 Q&As
Defining Business Needs
CIPS
L4M3
196 Q&As
Commercial Contracting
CIPS
L4M4
217 Q&As
Ethical and Responsible Sourcing
CIPS
L4M5
317 Q&As
Commercial Negotiation
CIPS
L4M7
255 Q&As
Whole Life Asset Management
CIPS
L4M8
192 Q&As
Procurement and Supply in Practice

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Supplier Relationships Questions and Answers

Questions 1

A competitor develops an alternative type of vacuum cleaner to one produced by your organization. Is this an example of the threat of substitutes, one of the five forces of competition described by competitive forces theory?

Options:

A.  

Yes, customers may switch to alternative products

B.  

Yes, there are no barriers to entry; it is an oligopoly

C.  

No, it does not serve the same purpose

D.  

No, it is a threat from a new entrant to the market