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CIPS L4M2 Exam With Confidence Using Practice Dumps

Exam Code:
L4M2
Exam Name:
Defining Business Needs
Certification:
CIPS Level 4 Diploma in Procurement and Supply
Vendor:
CIPS
Questions:
237
Last Updated:
Apr 3, 2025
Exam Status:
Stable
CIPS L4M2

L4M2: CIPS Level 4 Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

Are you worried about passing the CIPS L4M2 (Defining Business Needs) exam? Download the most recent CIPS L4M2 braindumps with answers that are 100% real. After downloading the CIPS L4M2 exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the CIPS L4M2 exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the CIPS L4M2 exam on your first attempt, we have compiled actual exam questions and their answers. 

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Defining Business Needs Questions and Answers

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Question 1

Lucy, a junior procurement analyst, has been asked to assess the competitive forces in the garden furniture market. XYZ Ltd is the largest producer of garden furniture in the country. It produces 70% of all the garden furniture manufactured, while the second largest manufacturer produces less than 5% of the garden furniture for the country. Which power does XYZ Ltd possess?

Options:

A.

Purchasing power

B.

Substitute power

C.

Supplier bargaining power

D.

Buyer bargaining power

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Question 2

Which of the following bodies provides standards for the products and services in the US?

Options:

A.

ISO

B.

ANSI

C.

AFNOR

D.

BSI

Question 3

Royal Navy is preparing a through-life contract. They put to the contract a term on rectification of operational defects and planning and delivery of Fleet Time Support Periods. Which part of through-life requirement does this term belong to?

Options:

A.

Installation

B.

In-service support

C.

Manufacture

D.

Customer support

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