Cips certsexpert download Full Version L4m6 Exam by Valentino q48 vce pdf

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CIPS L4M6 Exam Overview :

Exam Name:	Supplier Relationships
Exam Code:	L4M6 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	243 Q&A's	Shared By:	valentino

Question 68

Intellectual Property Rights (IPR) include items such as copywrite and trademarks. A buyer is considering entering into a partnership with their supplier to create a new product which will be released in two years’ time. Should IPR be included into a contract between partners?

Options:

Yes- IPR should always remain with the buyer- this will protect those rights

Yes- IPR is a valid concern for both parties but will survive the termination of the agreement

No- a separate legal agreement should be created to cover IPR

No- a contract is not necessary if it is a partnership.

Discussion

Question 69

When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. Is this statement true?

Options:

No, because partnerships do not require regular communication during development of new technology

Yes, because partnerships require regular communication to succeed in meeting mutual objectives

Yes, because a small supplier must be told what to do and when, because they have fewer employees

No, because regular communication will stop a small supplier from doing their work

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Question 70

A 'restricted market' is likely to arise when the entry costs for new suppliers are prohibitively high, and levels of market profitability amongst existing suppliers may be relatively low. Is this a true statement?

Options:

No, entry costs are low in all markets due to technology, and this is increasing profitability significantly

Yes, these markets usually have only a small number of competent and capable suppliers

No, usually these markets have a regular flow of new suppliers entering them

Yes, new entrants are low; however, due to high competition, profit levels are always very high