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:	317 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

Discussion

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

Discussion

Question 62

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

Options:

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

The requirements for an information security management system

Evaluation and assessment of mutual agreed customer food safety requirements

The requirements for an environmental management system

Discussion

Question 63

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

Options:

Direct costs

Indirect costs

Overheads

Fixed costs

Discussion

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