Cips spoto sure Pass Exam L4m6 Pdf by Elisei q96 vce pdf

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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

Question 28

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

Discussion

Question 29

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

Options:

Intranet

Tradeshows

OJEU

Internal stakeholders’ knowledge

Procurement Platforms

Discussion

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Question 30

Cigarettes and alcohol are often described as having an ‘inelastic price’. What does this mean?

Options:

Changes in price will greatly affect how much of the item is bought

Changes in price will not affect how much of the item is bought

The product is subject to high rates of tax