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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

Buy Now
Question 2

Which of these have a negative effect on cash flow?

A supplier reduces its payment terms

The bank grants a loan to the company

A customer agrees to pay upon purchase

An increase in the amount of stock held

Options:

A.

1 and 4 only

B.

2 and 3 only

C.

2 and 4 only

D.

3 and 4 only

Question 3

Buyer power may make a supply market more competitive. Which of the following are examples of buyer power? Select TWO that apply.

Options:

A.

Ability to easily switch suppliers

B.

Collusion between competitor suppliers

C.

Suppliers are limited m number

D.

High barriers of entry exist for new suppliers

E.

Availability of substitutes