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CIPS Updated L4M2 Exam Questions and Answers by amaia

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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: amaia
Question 60

Which of the following factors would mean a buyer had high bargaining power in a competitive market? Select TWO that apply.

Options:

A.

Many substitute products are available

B.

Buyers are procuring a low volume of products

C.

High switching costs for the buyer

D.

Buyers are demanding large volumes

E.

Products are highly differentiated

Discussion
Question 61

A market has many buyers and suppliers. Loyalty is low and switching is common. Which market characteristic supports this behaviour?

Options:

A.

Supplier bargaining strength

B.

Increasing use of technology

C.

The availability of substitute products

D.

Barriers to market entry

Discussion
Question 62

Which of the following areas is specified by ISO/IEC 27001 family?

Options:

A.

The dimensions and associated tolerances for a series of housings for piston seals

B.

The requirements for an information security management system

C.

Evaluation and assessment of mutual agreed customer food safety requirements

D.

The requirements for an environmental management system

Discussion
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Question 63

Raw materials used in the production of a saleable product are classed as ...

Options:

A.

Direct costs

B.

Indirect costs

C.

Overheads

D.

Fixed costs

Discussion
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