| Exam Name: | Supplier Relationships | ||
| Exam Code: | L4M6 Dumps | ||
| Vendor: | CIPS | Certification: | CIPS Level 4 Diploma in Procurement and Supply |
| Questions: | 263 Q&A's | Shared By: | elisei |
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?
In the public sector, there are many sources of information that a buyer can use to identify a suitable supplier. Which of the following could be used? Select THREE
Cigarettes and alcohol are often described as having an ‘inelastic price’. What does this mean?
Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply.