Cips dumpscollection vce L4m2 Questions Latest by Amaia q115 vce pdf

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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:

Many substitute products are available

Buyers are procuring a low volume of products

High switching costs for the buyer

Buyers are demanding large volumes

Products are highly differentiated

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Question 61

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

Options:

Supplier bargaining strength

Increasing use of technology

The availability of substitute products

Barriers to market entry