CIPS Level 4 Diploma in Procurement and Supply L4M5 Full Course Free

Commercial Negotiation Questions and Answers

Question 81

It may be more difficult to buy on a credit from supplier who locates in a country with a hyperinflation? Is this assumption true?

No, because supplier's bank will take risks from currency fluctuation

Yes, because the supplier's currency will lose its value overtime

Yes, because buyer has more advantage if they make payment in their own currency

No, because the higher the inflation rate, the stronger the supplier's currency

Question 82

Which of the following can be prepared before a negotiation with a supplier to achieve an agreement to benefit both parties?

Zone of potential agreement

Attendee list for the negotiation talks

Walk-away point

Venue for the negotiation talks

1 and 2

1 and 3

3 and 4

2 and 3