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L4M2 Exam Dumps : Defining Business Needs

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Defining Business Needs Questions and Answers

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Question 1

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

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Question 2

Which of the following is a challenge of making a business case for straight re-buys?

Options:

A.

Terms and conditions

B.

Research of procurement process

C.

Effective inventory control

D.

Identifying suitable suppliers

Question 3

What would provide the best method to ensure a car manufacturer can make adjustments to vehicle production to meet future market demands, such as the inclusion of an additional battery to make a hybrid model?

Options:

A.

Correct product specification in place to allow variations

B.

Investment in innovation to predict future trends

C.

Investment in versatile robotics to meet changing demand

D.

Adequate labour contracts in place to meet changing demand

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