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CIPS L4M5 Exam With Confidence Using Practice Dumps

Exam Code:
L4M5
Exam Name:
Commercial Negotiation
Vendor:
Questions:
223
Last Updated:
Nov 21, 2024
Exam Status:
Stable
CIPS L4M5

L4M5: CIPS Level 4 Diploma in Procurement and Supply Exam 2024 Study Guide Pdf and Test Engine

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Commercial Negotiation Questions and Answers

Question 1

Which of the following are signs indicating that the trust between buyer and supplier has improved? Select TWO that apply.

Options:

A.

Cost overruns

B.

Decreasing percentage of missed delivery overtime

C.

Transparent decision makingprocess

D.

Less frequent communication on business requests

Duplication of effort

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Question 2

Rose is a senior buyer from a skiing equipment retailer. Rose is concerned about the current ski boot shortage and the number of invoicing problems from a key supplier. Shehas decided to have a video conference with Victor, CEO of the supplier. Initially, she intends to threaten Victor with contract termination unless he can improve the situation. However, she is a little wary of doing this as the switching costs are high. Eventually, she decides to seek solutions by encouraging the other party to offer their views and ideas. Rose also prepares some ideas to discuss with Victor. Which of the following is the persuasion method that Rose intends to use in the forthcoming conference?

Options:

A.

Directive (push)

B.

Persuasive reasoning (push)

C.

Collaborative (pull)

D.

Visionary (pull)

Question 3

Which of the following should be adopted to minimise the conflict between parties in commercial negotiation?

Options:

A.

The rule of law

B.

Ground zero

C.

Ground beam

D.

Ground rules