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L4M2 Exam Dumps : Defining Business Needs

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Defining Business Needs Questions and Answers

Question 1

Due to increasing demand, a local restaurant is requesting its fish vendor to supply larger quantity. The restaurant manager also asks the vendor whether it is possible to reduce the total price by 5%. This is known as...?

Options:

A.

Straight rebuy

B.

Capital purchase

C.

Modified rebuy

D.

New purchase

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Question 2

CP Group places emphasis on the following business objectives:

Responsive production processes to react quickly to market changes

Collaboration and technological integration

New products launched and on sale very quicklyWhich of the below business markets does CP Group belong to?

Options:

A.

Construction

B.

Financial

C.

Retail

D.

Agriculture

Question 3

The procurement officer for Hunter Manufacturing has been tasked to procure a new manufacturing software management system. They have consulted all relevant internal stakeholders and have the following high-level requirements: flexibility throughout the project, and the supplier to recommend the best solutions for building the system. Which type of specification should be developed?

Options:

A.

Performance

B.

Design

C.

Conformance

D.

Technical