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CIPS Updated L4M5 Exam Questions and Answers by kayla

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CIPS L4M5 Exam Overview :

Exam Name: Commercial Negotiation
Exam Code: L4M5 Dumps
Vendor: CIPS Certification: CIPS Level 4 Diploma in Procurement and Supply
Questions: 373 Q&A's Shared By: kayla
Question 64

Which of the following are hardball tactics in negotiations? Select TWO that apply.

Options:

A.

Expand the pie

B.

Snow job

C.

Good cop, bad cop

D.

Sweetening the deal

E.

Bridging

Discussion
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Question 65

A procurement manager is preparing for a negotiation with an important supplier. He plans to withhold some crucial information so that his company gains the upper hand in the negotiation. Is this correct when considering using integrative approach to the negotiation?

Options:

A.

No, this approach requires honest and open discussion

B.

Yes, the supplier must know what buyer wants and how to provide that even when the buyer is silent on these matters

C.

Yes, the buying organisation must maximise its gain, even at the detriment of the other party

D.

No, holding back information will prompt the supplier gain higher negotiation power

Discussion
Question 66

Distributive approach in negotiation is typified by which of the following?

Options:

A.

Distributive approaches are inherently inferior to integrative approaches in commercial negotiation

B.

Both parties understand each other's goals

C.

Each party attempts to maximise the value obtained at other's expense

D.

Both parties share 50:50 of the 'pie'

Discussion
Question 67

What are the potential sources of conflict between buyer and supplier? Select TWO.

Options:

A.

Scheduling agreed supplier delivery dates

B.

Unequal sharing of gains, risks and costs with the supplier

C.

Persistent late payment of the supplier’s invoices

D.

Planning scheduled visits to the supplier site

E.

Requesting early supplier involvement

Discussion
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