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CIPS Updated L4M5 Exam Questions and Answers by cordelia

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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: 395 Q&A's Shared By: cordelia
Question 8

Jessica Taylor, a senior buyer, is reflecting on her most recent negotiation. She has been asked by her manager to create a written record of performance. Which of the following should Jessica include in this negotiation performance report? Select THREE that apply:

Options:

A.

Travel expenses to attend the meeting

B.

Other suppliers that could have been used

C.

A detailed pricing structure

D.

A checklist of for future

E.

Evaluation of the negotiator’s performance

F.

A comparison of actual versus set objectives

Discussion
Question 9

Which of the following are most likely to be fixed costs of an airline? Select TWO that apply.

Options:

A.

Purchase of aircraft

B.

Catering services

C.

Advertising and promotion

D.

Flight crew training

E.

Fuel

Discussion
Question 10

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
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Question 11

Which of the following is a source of information on microeconomic factors?

Options:

A.

The marketing and corporate communications of suppliers

B.

Published economic indices such as the Retail Price Index (RPI)

C.

Analysis published in the mainstream and financial media

D.

Data published by financial markets and commodity exchanges

Discussion
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