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CIPS Level 3 Advanced Certificate in Procurement and Supply Operations Procurement and Supply Environments

Procurement and Supply Environments

Last Update Jul 6, 2026
Total Questions : 90

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Questions 2

Thinking of Michael Porter’s Industry Structure Analysis (commonly referred to as Five Forces Analysis), the content of the centre circle is about:

Options:

A.  

Governmental regulation of competition within an economy

B.  

Competitive rivalry within the industry

C.  

Governmental interference in an industry

D.  

Competitor price-cutting to increase market share

Discussion 0
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Questions 3

'Price' and 'payment terms' are the same thing.

True or false?

Options:

A.  

False

B.  

True

Discussion 0
Questions 4

Fiscal policy deals with:

Options:

A.  

Government decisions and actions regarding the number of staff members employed in the government Treasury

B.  

Government decisions and actions regarding the level of interest rates and supply of money in the economy

C.  

Government decisions and actions regarding the balance between taxation revenue and public expenditure

D.  

Government decisions and actions regarding exchange rates and unemployment in the economy

Discussion 0
Questions 5

‘The value of a commodity or service measured in terms of the standard monetary unit’ describes:

Options:

A.  

Value for money

B.  

Price

C.  

Value added

D.  

Cost

Discussion 0
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