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L4M2 Exam Dumps : Defining Business Needs

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Defining Business Needs Questions and Answers

Question 1

Why should procurement professionals develop business case before seeking approval to purchase capital equipment?

Options:

A.

Using business case will prevent new entrants from entering the supply market

B.

A business case can be used as a replacement of purchase order

C.

Business case is a tool that eliminates all risks associated with the project

D.

Devising business case may prompt the procurement to consider different options

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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

In 2016, ANA Airlines had to cancel some of its flight. The airline said it had discovered the cracks to the jet engine turbine blades. What should ANA procurement team do next to solve this problem?

Options:

A.

Collect data to identify the root cause

B.

Generate options addressing the issue

C.

Analyse the situation and draw conclusion

D.

Assess the risks

E.

Define the ideal solution