L4M6 Exam Dumps : Supplier Relationships

Explanation

The correct answer is ‘The Matrix doesn’t consider whether the stakeholder is for or against the activity’. For a list of other limitations of using Mendelow’s Stakeholder Matrix see p.82

Explanation

The correct answer is ‘Intellectual Property Rights’. Grey Stone will need to share its idea for the vaccine with the pharmaceutical company and this is risky if there is no trust between the parties. See p.134 for more information on Risks of Partnerships.

Political factors in STEEPLED analysis relate to:

Government policy

Political stability

State intervention in markets

CIPS identifies grants and subsidies and civil unrest or war as political influences that can significantly impact supply chains.

Consumerism is a social factor, and wage rates are economic factors.

L4M6 Reference:

Learning Outcome 1: Understand external influences on procurement

Topic: STEEPLED / PESTLE analysis

CIPS L4M6 Study Guide – Political and macro-environmental factors