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L4M6 Exam Dumps : Supplier Relationships

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Supplier Relationships Questions and Answers

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Question 1

What is a valid reason for terminating a commercial relationship?

Options:

A.

Fulfilment of the contract

B.

One late delivery

C.

The other party seeks to trade with other parties alongside you

D.

A change of management within the other party, but no change to the company ethos

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Question 2

Danny Bloomfield is a procurement manager and is using the STEEPLED analysis framework to review what macro factors could affect his project. Which of the following is an example of a socio-cultural (social) factor?

Options:

A.

Labour mobility

B.

Employment law

C.

Environmental regulations

D.

Consumer confidence

Question 3

Significant differences in corporate cultures can lead to the failure of a partnership relationship between two organisations. Is this statement correct?

Options:

A.

Yes, the compatibility of cultures should be considered at the outset

B.

Yes, in a partnership the organisations merge, so the cultures must be the same

C.

No, the organisations can continue to operate separately so this is not an issue

D.

No, it is easy to change corporate culture so the two organisations will align quickly

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