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CIPS Updated L4M2 Exam Questions and Answers by alicia

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CIPS L4M2 Exam Overview :

Exam Name: Defining Business Needs
Exam Code: L4M2 Dumps
Vendor: CIPS Certification: CIPS Level 4 Diploma in Procurement and Supply
Questions: 303 Q&A's Shared By: alicia
Question 48

Which of the following factors should be assessed to understand the competitiveness of a supply market?

Options:

A.

Presence of a minimum wage

B.

Gross National Product of the country of manufacture

C.

Number of suppliers within the market

D.

Previous price paid for goods

Discussion
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Question 49

It could be argued that wherever possible, specifications should be more output and outcome focused. Why is this?

Options:

A.

So that they can be amended easily after contract award

B.

To allow as many suppliers as possible to respond

C.

To reduce the number of options available

D.

So that a specific branded product is provided

Discussion
Question 50

A procurement manager is helping to improve a specification for an existing product. They list all existing functions, processes, their costs, and the value they add. This exercise aims to support writing an improved specification for future purchasing. Which of the following is this an example of?

Options:

A.

Value procurement

B.

Value chain

C.

Value analysis

D.

Value engineering

Discussion
Question 51

John has been asked to develop a business case before obtaining approval to purchase a large piece of capital equipment for a glove manufacturing unit. Is this the right thing to do?

Options:

A.

Yes, because this will help compare alternatives and options

B.

No, because risk consideration is not John's responsibility

C.

Yes, because this will assist the purchase order

D.

No, because this can lead to business-focused thinking

Discussion
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