Week End Sale 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: save70

All L4M5 Test Inside CIPS Questions

Page: 5 / 30
Total 395 questions

Commercial Negotiation Questions and Answers

Question 17

What is a benefit to the buyer of having a BATNA (best alternative to a negotiated agreement) in a negotiation?

Options:

A.

To aid detailed pre-meeting data gathering and analysis

B.

To reduce financial and logistical risk for both parties

C.

To be able to confidently walk away from an unfavorable deal

D.

To facilitate information sharing between both parties

Question 18

A negotiation meeting between a buyer and supplier has taken several hours. Both parties believe the negotiation is starting to reach a close. Before the supplier makes their closing statements, they are most likely to be doing which of the following?

Options:

A.

Gathering information and data

B.

Watching for verbal and visual buying signals

C.

Establishing connections and building rapport

D.

Raising last-minute objections

Question 19

Why is the use of power important for integrative commercial negotiations?

    Moving negotiations forward when they get stuck on certain issues

    Maximising the share of value gains for the negotiator's side

    Coercion of the other party into a submissive agreement

    Breaking through negotiation barriers related to attitude

Options:

A.

1 and 2 only

B.

2 and 3 only

C.

1 and 4 only

D.

2 and 4 only

Question 20

Tony is undertaking a negotiation with a strategic supplier and is frustrated by the lack of progress. He proposes using threats to get what he wants from the negotiations. Is this the correct course of action?

Options:

A.

Yes, Tony will get what he requires from the negotiations

B.

Yes, a long-term relationship is not required with the supplier

C.

No, a long-term relationship built on trust is required with the supplier

D.

No, it does not guarantee Tony will get what he requires from the negotiations

Page: 5 / 30
Total 395 questions