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L4M2 Exam Dumps : Defining Business Needs

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Defining Business Needs Questions and Answers

Question 1

Which of the following factors is most likely to be a barrier to new entrant in agriculture?

Options:

A.

High margins

B.

Capital requirement

C.

Reputation within the industry

D.

Brand recognition

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Question 2

A purchaser is looking for alternative supplies if there is a major disruption to their supply chain, including logistics, manufacturing and all support services. Which of the following method is that purchaser applying?

Options:

A.

Treat the risk

B.

Terminate the risk

C.

Tolerate the risk

D.

Transfer the risk

Question 3

Which of the following are prerequisites to run a successful bidding process? Select TWO that apply:

Options:

A.

The value of the purchase must be high enough to justify the associated bidding costs of potential suppliers

B.

The market contains an adequate number of suitably qualified suppliers

C.

Only those suppliers who have worked with the buyer in the past are allowed to bid

D.

Bids must be submitted within twenty calendar days

E.

The requirement can be met without the need for subcontracting