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CIPS Updated L4M5 Exam Questions and Answers by emanuel

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CIPS L4M5 Exam Overview :

Exam Name: Commercial Negotiation
Exam Code: L4M5 Dumps
Vendor: CIPS Certification: CIPS Level 4 Diploma in Procurement and Supply
Questions: 275 Q&A's Shared By: emanuel
Question 20

A buyer is preparing for an upcoming negotiation with a large supplier on a contract renewal price. The buyer has undertaken some analysis and is concerned that changes in the organisation’s macro-environment over the last year will result in a price increase. The buyer’s analysis has identified changes in which of the following?

Options:

A.

Exchange rates

B.

Supplier power

C.

Changes in demand

D.

Internal policies

Discussion
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Question 21

What letter R in the acronym SMART stands for?

Options:

A.

Recommended

B.

Random

C.

Relevant

D.

Risk-free

Discussion
Question 22

The activity of listening in a negotiation includes which of the following processes?

Hearing

Interpreting

Rapport

Influencing

Options:

A.

1 and 2 only

B.

2 and 3 only

C.

1 and 3 only

D.

2 and 4 only

Discussion
Question 23

Which of the following are behaviours that builds trust between the buyer and the supplier in business relationship? Select TWO that apply.

Options:

A.

Conducting transparent procurement process

B.

Over-inflated contingency funds

C.

Allowing supplier to involve in early product development

D.

Commercial espionage

E.

Tendency to blame other party

Discussion
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