{"id":103647,"date":"2025-06-09T08:23:10","date_gmt":"2025-06-09T08:23:10","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=103647"},"modified":"2025-07-05T03:12:14","modified_gmt":"2025-07-05T03:12:14","slug":"cips-l4m6-dumps-v10-02-are-available-with-226-practice-exam-questions-and-answers-for-success-study-the-l4m6-free-dumps-part-1-q1-q40-first","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/cips-l4m6-dumps-v10-02-are-available-with-226-practice-exam-questions-and-answers-for-success-study-the-l4m6-free-dumps-part-1-q1-q40-first.html","title":{"rendered":"CIPS L4M6 Dumps (V10.02) Are Available with 226 Practice Exam Questions and Answers for Success: Study the L4M6 Free Dumps (Part 1, Q1-Q40) First"},"content":{"rendered":"<p>The CIPS L4M6 dumps are a powerful study guide that helps you prepare efficiently for the CIPS Supplier Relationships exam. The professional team of DumpsBase updated the L4M6 dumps to V10.02, offering 226 practice exam questions and answers to help you learn all the required exam topics. With regularly updated content and verified questions and answers, you can be assured of accurate preparation aligned with the current L4M6 exam outlines. You can trust that the L4M6 dumps (V10.02) will strengthen both your knowledge and confidence. Including the latest study materials for success, we also have free dumps online to help you check the quality. By reading all the free demo questions, you can decide to download the L4M6 dumps (V10.02).<\/p>\n<h2>Read CIPS Level 4 <em><span style=\"background-color: #00ffff;\">L4M6 free dumps (Part 1, Q1-Q40) of V10.02<\/span><\/em> to check the details:<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam10152\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-10152\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-10152\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-403074'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply.<\/div><input type='hidden' name='question_id[]' id='qID_1' value='403074' \/><input type='hidden' id='answerType403074' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403074[]' id='answer-id-1564380' class='answer   answerof-403074 ' value='1564380'   \/><label for='answer-id-1564380' id='answer-label-1564380' class=' answer'><span>The buyer has a high spend with the supplier<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403074[]' id='answer-id-1564381' class='answer   answerof-403074 ' value='1564381'   \/><label for='answer-id-1564381' id='answer-label-1564381' class=' answer'><span>There are many suppliers in the market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403074[]' id='answer-id-1564382' class='answer   answerof-403074 ' value='1564382'   \/><label for='answer-id-1564382' id='answer-label-1564382' class=' answer'><span>The product is critical for the buyer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403074[]' id='answer-id-1564383' class='answer   answerof-403074 ' value='1564383'   \/><label for='answer-id-1564383' id='answer-label-1564383' class=' answer'><span>The product is a commodity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403074[]' id='answer-id-1564384' class='answer   answerof-403074 ' value='1564384'   \/><label for='answer-id-1564384' id='answer-label-1564384' class=' answer'><span>The product is technically complex<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403074[]' id='answer-id-1564385' class='answer   answerof-403074 ' value='1564385'   \/><label for='answer-id-1564385' id='answer-label-1564385' class=' answer'><span>The supplier provides the product to a buyer\u2019s competitor<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-403075'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>Which of the following options are legitimate reasons for terminating a contract? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_2' value='403075' \/><input type='hidden' id='answerType403075' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403075[]' id='answer-id-1564386' class='answer   answerof-403075 ' value='1564386'   \/><label for='answer-id-1564386' id='answer-label-1564386' class=' answer'><span>You ordered 10,000 items instead of 1,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403075[]' id='answer-id-1564387' class='answer   answerof-403075 ' value='1564387'   \/><label for='answer-id-1564387' id='answer-label-1564387' class=' answer'><span>One of the contracted parties has clearly failed to perform its duties<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403075[]' id='answer-id-1564388' class='answer   answerof-403075 ' value='1564388'   \/><label for='answer-id-1564388' id='answer-label-1564388' class=' answer'><span>There has been a serious breach of contract terms<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403075[]' id='answer-id-1564389' class='answer   answerof-403075 ' value='1564389'   \/><label for='answer-id-1564389' id='answer-label-1564389' class=' answer'><span>Your internal stakeholder requested the wrong items<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403075[]' id='answer-id-1564390' class='answer   answerof-403075 ' value='1564390'   \/><label for='answer-id-1564390' id='answer-label-1564390' class=' answer'><span>Your MRP system placed a replenishment order that you do not need<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-403076'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Products or services that are more suitable for partnership sourcing match which of the following criteria?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='403076' \/><input type='hidden' id='answerType403076' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403076[]' id='answer-id-1564391' class='answer   answerof-403076 ' value='1564391'   \/><label for='answer-id-1564391' id='answer-label-1564391' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403076[]' id='answer-id-1564392' class='answer   answerof-403076 ' value='1564392'   \/><label for='answer-id-1564392' id='answer-label-1564392' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403076[]' id='answer-id-1564393' class='answer   answerof-403076 ' value='1564393'   \/><label for='answer-id-1564393' id='answer-label-1564393' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403076[]' id='answer-id-1564394' class='answer   answerof-403076 ' value='1564394'   \/><label for='answer-id-1564394' id='answer-label-1564394' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-403077'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Stephen Jones is assessing the relationships he has with his supplier base. <br \/>\r<br>Which of the following would be drivers for Stephen to adopt a partnership relationship with a supplier?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='403077' \/><input type='hidden' id='answerType403077' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403077[]' id='answer-id-1564395' class='answer   answerof-403077 ' value='1564395'   \/><label for='answer-id-1564395' id='answer-label-1564395' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403077[]' id='answer-id-1564396' class='answer   answerof-403077 ' value='1564396'   \/><label for='answer-id-1564396' id='answer-label-1564396' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403077[]' id='answer-id-1564397' class='answer   answerof-403077 ' value='1564397'   \/><label for='answer-id-1564397' id='answer-label-1564397' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403077[]' id='answer-id-1564398' class='answer   answerof-403077 ' value='1564398'   \/><label for='answer-id-1564398' id='answer-label-1564398' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-403078'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Sugar Doughnut Ltd has a jam supplier that they have used successfully for over ten years. They have made investments in the supplier\u2019s factory to support them with capital equipment upgrades in return for cost reduction on jam. The two companies also collaborate on bids for large supermarkets when looking to supply doughnuts and work together on quality improvements. <br \/>\r<br>No contracts exist between the two companies. Could this relationship be said to be a partnership relationship?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='403078' \/><input type='hidden' id='answerType403078' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403078[]' id='answer-id-1564399' class='answer   answerof-403078 ' value='1564399'   \/><label for='answer-id-1564399' id='answer-label-1564399' class=' answer'><span>No, because contracts do not exist between the two companies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403078[]' id='answer-id-1564400' class='answer   answerof-403078 ' value='1564400'   \/><label for='answer-id-1564400' id='answer-label-1564400' class=' answer'><span>No, because they have only worked together for ten years<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403078[]' id='answer-id-1564401' class='answer   answerof-403078 ' value='1564401'   \/><label for='answer-id-1564401' id='answer-label-1564401' class=' answer'><span>Yes, because they have demonstrated close collaboration on various projects<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403078[]' id='answer-id-1564402' class='answer   answerof-403078 ' value='1564402'   \/><label for='answer-id-1564402' id='answer-label-1564402' class=' answer'><span>Yes, because they both operate in the food sector<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-403079'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyze its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. <br \/>\r<br>Which of the following STEEPLED factors is most likely to have the greatest effect?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='403079' \/><input type='hidden' id='answerType403079' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403079[]' id='answer-id-1564403' class='answer   answerof-403079 ' value='1564403'   \/><label for='answer-id-1564403' id='answer-label-1564403' class=' answer'><span>Sociocultural<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403079[]' id='answer-id-1564404' class='answer   answerof-403079 ' value='1564404'   \/><label for='answer-id-1564404' id='answer-label-1564404' class=' answer'><span>Technological<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403079[]' id='answer-id-1564405' class='answer   answerof-403079 ' value='1564405'   \/><label for='answer-id-1564405' id='answer-label-1564405' class=' answer'><span>Economic<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403079[]' id='answer-id-1564406' class='answer   answerof-403079 ' value='1564406'   \/><label for='answer-id-1564406' id='answer-label-1564406' class=' answer'><span>Ethical<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-403080'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>An amicable style approach to ending a buyer-supplier relationship would be most appropriate in which of the following circumstances?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='403080' \/><input type='hidden' id='answerType403080' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403080[]' id='answer-id-1564407' class='answer   answerof-403080 ' value='1564407'   \/><label for='answer-id-1564407' id='answer-label-1564407' class=' answer'><span>1 and 2<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403080[]' id='answer-id-1564408' class='answer   answerof-403080 ' value='1564408'   \/><label for='answer-id-1564408' id='answer-label-1564408' class=' answer'><span>1 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403080[]' id='answer-id-1564409' class='answer   answerof-403080 ' value='1564409'   \/><label for='answer-id-1564409' id='answer-label-1564409' class=' answer'><span>3 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403080[]' id='answer-id-1564410' class='answer   answerof-403080 ' value='1564410'   \/><label for='answer-id-1564410' id='answer-label-1564410' class=' answer'><span>1 and 4<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-403081'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. <br \/>\r<br>Is this statement true?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='403081' \/><input type='hidden' id='answerType403081' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403081[]' id='answer-id-1564411' class='answer   answerof-403081 ' value='1564411'   \/><label for='answer-id-1564411' id='answer-label-1564411' class=' answer'><span>No, because partnerships do not require regular communication during development of new technology<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403081[]' id='answer-id-1564412' class='answer   answerof-403081 ' value='1564412'   \/><label for='answer-id-1564412' id='answer-label-1564412' class=' answer'><span>Yes, because partnerships require regular communication to succeed in meeting mutual objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403081[]' id='answer-id-1564413' class='answer   answerof-403081 ' value='1564413'   \/><label for='answer-id-1564413' id='answer-label-1564413' class=' answer'><span>Yes, because a small supplier must be told what to do and when, because they have fewer employees<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403081[]' id='answer-id-1564414' class='answer   answerof-403081 ' value='1564414'   \/><label for='answer-id-1564414' id='answer-label-1564414' class=' answer'><span>No, because regular communication will stop a small supplier from doing their work<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-403082'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>In the STEEPLED framework, which of the following is an economic factor?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='403082' \/><input type='hidden' id='answerType403082' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403082[]' id='answer-id-1564415' class='answer   answerof-403082 ' value='1564415'   \/><label for='answer-id-1564415' id='answer-label-1564415' class=' answer'><span>Unemployment rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403082[]' id='answer-id-1564416' class='answer   answerof-403082 ' value='1564416'   \/><label for='answer-id-1564416' id='answer-label-1564416' class=' answer'><span>Demographics<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403082[]' id='answer-id-1564417' class='answer   answerof-403082 ' value='1564417'   \/><label for='answer-id-1564417' id='answer-label-1564417' class=' answer'><span>Supply chain labor standards<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403082[]' id='answer-id-1564418' class='answer   answerof-403082 ' value='1564418'   \/><label for='answer-id-1564418' id='answer-label-1564418' class=' answer'><span>Election results<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-403083'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>Price fluctuations can affect profitability. <br \/>\r<br>Is this statement correct?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='403083' \/><input type='hidden' id='answerType403083' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403083[]' id='answer-id-1564419' class='answer   answerof-403083 ' value='1564419'   \/><label for='answer-id-1564419' id='answer-label-1564419' class=' answer'><span>Yes, if the product's costs increase and the price does not<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403083[]' id='answer-id-1564420' class='answer   answerof-403083 ' value='1564420'   \/><label for='answer-id-1564420' id='answer-label-1564420' class=' answer'><span>No, only decisions made by the chief executive affect the price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403083[]' id='answer-id-1564421' class='answer   answerof-403083 ' value='1564421'   \/><label for='answer-id-1564421' id='answer-label-1564421' class=' answer'><span>No, price is not related to profitability<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403083[]' id='answer-id-1564422' class='answer   answerof-403083 ' value='1564422'   \/><label for='answer-id-1564422' id='answer-label-1564422' class=' answer'><span>Yes, as sales may drop if the product is price inelastic<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-403084'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>Joseph works as a category manager for a large electricity supply company. His company is one of six electricity companies in the country. All have a high annual spend on the same specifications of cable. There are only five cable manufacturers capable of supplying the cables. Joseph has established all the suppliers use the same raw materials using the same types of manufacturing lines. Prices tendered by all suppliers are very similar. After paying for the cable, Joseph\u2019s company spends an additional 25% on moving and installing the cable. <br \/>\r<br>In order to enable Joseph to gain advantage over the other electricity companies, which type of supplier relationship should he adopt?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='403084' \/><input type='hidden' id='answerType403084' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403084[]' id='answer-id-1564423' class='answer   answerof-403084 ' value='1564423'   \/><label for='answer-id-1564423' id='answer-label-1564423' class=' answer'><span>Single-sourced<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403084[]' id='answer-id-1564424' class='answer   answerof-403084 ' value='1564424'   \/><label for='answer-id-1564424' id='answer-label-1564424' class=' answer'><span>Closer tactical<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403084[]' id='answer-id-1564425' class='answer   answerof-403084 ' value='1564425'   \/><label for='answer-id-1564425' id='answer-label-1564425' class=' answer'><span>Transactional<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403084[]' id='answer-id-1564426' class='answer   answerof-403084 ' value='1564426'   \/><label for='answer-id-1564426' id='answer-label-1564426' class=' answer'><span>Partnership<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-403085'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Under which circumstances would a partnership sourcing approach be used?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='403085' \/><input type='hidden' id='answerType403085' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403085[]' id='answer-id-1564427' class='answer   answerof-403085 ' value='1564427'   \/><label for='answer-id-1564427' id='answer-label-1564427' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403085[]' id='answer-id-1564428' class='answer   answerof-403085 ' value='1564428'   \/><label for='answer-id-1564428' id='answer-label-1564428' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403085[]' id='answer-id-1564429' class='answer   answerof-403085 ' value='1564429'   \/><label for='answer-id-1564429' id='answer-label-1564429' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403085[]' id='answer-id-1564430' class='answer   answerof-403085 ' value='1564430'   \/><label for='answer-id-1564430' id='answer-label-1564430' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-403086'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>Which of the following are features of a partnership sourcing relationship compared with a traditional adversarial relationship? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_13' value='403086' \/><input type='hidden' id='answerType403086' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403086[]' id='answer-id-1564431' class='answer   answerof-403086 ' value='1564431'   \/><label for='answer-id-1564431' id='answer-label-1564431' class=' answer'><span>Emphasis on quality with zero defects<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403086[]' id='answer-id-1564432' class='answer   answerof-403086 ' value='1564432'   \/><label for='answer-id-1564432' id='answer-label-1564432' class=' answer'><span>Emphasis on the lowest price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403086[]' id='answer-id-1564433' class='answer   answerof-403086 ' value='1564433'   \/><label for='answer-id-1564433' id='answer-label-1564433' class=' answer'><span>Emphasis on inspection of incoming supplies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403086[]' id='answer-id-1564434' class='answer   answerof-403086 ' value='1564434'   \/><label for='answer-id-1564434' id='answer-label-1564434' class=' answer'><span>Emphasis on short-term relationship<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403086[]' id='answer-id-1564435' class='answer   answerof-403086 ' value='1564435'   \/><label for='answer-id-1564435' id='answer-label-1564435' class=' answer'><span>Emphasis on long-term relationship<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-403087'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>A competitor develops an alternative type of vacuum cleaner to one produced by your organization. <br \/>\r<br>Is this an example of the threat of substitutes, one of the five forces of competition described by competitive forces theory?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='403087' \/><input type='hidden' id='answerType403087' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403087[]' id='answer-id-1564436' class='answer   answerof-403087 ' value='1564436'   \/><label for='answer-id-1564436' id='answer-label-1564436' class=' answer'><span>Yes, customers may switch to alternative products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403087[]' id='answer-id-1564437' class='answer   answerof-403087 ' value='1564437'   \/><label for='answer-id-1564437' id='answer-label-1564437' class=' answer'><span>Yes, there are no barriers to entry; it is an oligopoly<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403087[]' id='answer-id-1564438' class='answer   answerof-403087 ' value='1564438'   \/><label for='answer-id-1564438' id='answer-label-1564438' class=' answer'><span>No, it does not serve the same purpose<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403087[]' id='answer-id-1564439' class='answer   answerof-403087 ' value='1564439'   \/><label for='answer-id-1564439' id='answer-label-1564439' class=' answer'><span>No, it is a threat from a new entrant to the market<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-403088'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>A local government procurement team is undertaking a full review of their current internal working processes. The team of buyers currently have a partnership-style relationship with their routine suppliers. <br \/>\r<br>Is this the best relationship style to use?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='403088' \/><input type='hidden' id='answerType403088' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403088[]' id='answer-id-1564440' class='answer   answerof-403088 ' value='1564440'   \/><label for='answer-id-1564440' id='answer-label-1564440' class=' answer'><span>No, as there are many suppliers available<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403088[]' id='answer-id-1564441' class='answer   answerof-403088 ' value='1564441'   \/><label for='answer-id-1564441' id='answer-label-1564441' class=' answer'><span>No, as these are critical items to the buying organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403088[]' id='answer-id-1564442' class='answer   answerof-403088 ' value='1564442'   \/><label for='answer-id-1564442' id='answer-label-1564442' class=' answer'><span>Yes, as they present a great deal of risk to the organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403088[]' id='answer-id-1564443' class='answer   answerof-403088 ' value='1564443'   \/><label for='answer-id-1564443' id='answer-label-1564443' class=' answer'><span>Yes, as these are low-value items<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-403089'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>When overcoming stakeholder resistance in a procurement-led project, which of the following groups would have the highest level of influence on other stakeholders?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='403089' \/><input type='hidden' id='answerType403089' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403089[]' id='answer-id-1564444' class='answer   answerof-403089 ' value='1564444'   \/><label for='answer-id-1564444' id='answer-label-1564444' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403089[]' id='answer-id-1564445' class='answer   answerof-403089 ' value='1564445'   \/><label for='answer-id-1564445' id='answer-label-1564445' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403089[]' id='answer-id-1564446' class='answer   answerof-403089 ' value='1564446'   \/><label for='answer-id-1564446' id='answer-label-1564446' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403089[]' id='answer-id-1564447' class='answer   answerof-403089 ' value='1564447'   \/><label for='answer-id-1564447' id='answer-label-1564447' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-403090'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>A company is relocating its manufacturing base to a low-cost country and is considering a partnership with a local supplier for its key components rather than a tender process. Although there are some concerns regarding confidentiality and component competitiveness, the procurement director is recommending a partnership strategy to the board of directors. The recommendation is based on a range of advantages including, but not limited to, gaining local market knowledge. <br \/>\r<br>Is this a valid recommendation?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='403090' \/><input type='hidden' id='answerType403090' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403090[]' id='answer-id-1564448' class='answer   answerof-403090 ' value='1564448'   \/><label for='answer-id-1564448' id='answer-label-1564448' class=' answer'><span>No, because confidentiality risk will be higher in a partnership<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403090[]' id='answer-id-1564449' class='answer   answerof-403090 ' value='1564449'   \/><label for='answer-id-1564449' id='answer-label-1564449' class=' answer'><span>Yes, as intellectual property costs will be lower in a partnership<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403090[]' id='answer-id-1564450' class='answer   answerof-403090 ' value='1564450'   \/><label for='answer-id-1564450' id='answer-label-1564450' class=' answer'><span>No, local market knowledge is guaranteed in a tender process<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403090[]' id='answer-id-1564451' class='answer   answerof-403090 ' value='1564451'   \/><label for='answer-id-1564451' id='answer-label-1564451' class=' answer'><span>Yes, as investment costs can be shared in a partnership<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-403091'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>An automotive company has hired Tom as the procurement manager. Tom is to manage a team of two people who have worked in the department for a number of years. Conflict exists between the two members of staff due to an overlap of responsibilities. <br \/>\r<br>Which of the following processes would be most appropriate for Tom to use to reduce this conflict?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='403091' \/><input type='hidden' id='answerType403091' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403091[]' id='answer-id-1564452' class='answer   answerof-403091 ' value='1564452'   \/><label for='answer-id-1564452' id='answer-label-1564452' class=' answer'><span>Tom could avoid mentioning the conflict and hope that it is resolved without action<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403091[]' id='answer-id-1564453' class='answer   answerof-403091 ' value='1564453'   \/><label for='answer-id-1564453' id='answer-label-1564453' class=' answer'><span>Tom could hire an additional member of staff to take on some of the duties<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403091[]' id='answer-id-1564454' class='answer   answerof-403091 ' value='1564454'   \/><label for='answer-id-1564454' id='answer-label-1564454' class=' answer'><span>Tom could restructure the team so both members do not have to work together<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403091[]' id='answer-id-1564455' class='answer   answerof-403091 ' value='1564455'   \/><label for='answer-id-1564455' id='answer-label-1564455' class=' answer'><span>Tom could arrange a meeting and set performance targets for each member<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-403092'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>A common reason attributed to many partnerships failing is ...<\/div><input type='hidden' name='question_id[]' id='qID_19' value='403092' \/><input type='hidden' id='answerType403092' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403092[]' id='answer-id-1564456' class='answer   answerof-403092 ' value='1564456'   \/><label for='answer-id-1564456' id='answer-label-1564456' class=' answer'><span>A bad advertising campaign<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403092[]' id='answer-id-1564457' class='answer   answerof-403092 ' value='1564457'   \/><label for='answer-id-1564457' id='answer-label-1564457' class=' answer'><span>Not winning every contract they bid for<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403092[]' id='answer-id-1564458' class='answer   answerof-403092 ' value='1564458'   \/><label for='answer-id-1564458' id='answer-label-1564458' class=' answer'><span>No contract being in place<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403092[]' id='answer-id-1564459' class='answer   answerof-403092 ' value='1564459'   \/><label for='answer-id-1564459' id='answer-label-1564459' class=' answer'><span>Poor communication<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-403093'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>Which of the following are advantages for the buyer of early supplier involvement with the buyer's product development team?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='403093' \/><input type='hidden' id='answerType403093' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403093[]' id='answer-id-1564460' class='answer   answerof-403093 ' value='1564460'   \/><label for='answer-id-1564460' id='answer-label-1564460' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403093[]' id='answer-id-1564461' class='answer   answerof-403093 ' value='1564461'   \/><label for='answer-id-1564461' id='answer-label-1564461' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403093[]' id='answer-id-1564462' class='answer   answerof-403093 ' value='1564462'   \/><label for='answer-id-1564462' id='answer-label-1564462' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403093[]' id='answer-id-1564463' class='answer   answerof-403093 ' value='1564463'   \/><label for='answer-id-1564463' id='answer-label-1564463' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-403094'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>A buyer is intending to purchase a new product for their business; however, the market has a large number of suppliers. <br \/>\r<br>What would be the most beneficial way for them to initially narrow down the supply options?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='403094' \/><input type='hidden' id='answerType403094' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403094[]' id='answer-id-1564464' class='answer   answerof-403094 ' value='1564464'   \/><label for='answer-id-1564464' id='answer-label-1564464' class=' answer'><span>Look at lowest-cost suppliers only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403094[]' id='answer-id-1564465' class='answer   answerof-403094 ' value='1564465'   \/><label for='answer-id-1564465' id='answer-label-1564465' class=' answer'><span>Predefine minimum standards suppliers must meet<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403094[]' id='answer-id-1564466' class='answer   answerof-403094 ' value='1564466'   \/><label for='answer-id-1564466' id='answer-label-1564466' class=' answer'><span>Go only to companies they have bought other products from<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403094[]' id='answer-id-1564467' class='answer   answerof-403094 ' value='1564467'   \/><label for='answer-id-1564467' id='answer-label-1564467' class=' answer'><span>Preselect companies who have the largest market share<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-403095'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>Which one of the following is an advantage of early supplier involvement?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='403095' \/><input type='hidden' id='answerType403095' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403095[]' id='answer-id-1564468' class='answer   answerof-403095 ' value='1564468'   \/><label for='answer-id-1564468' id='answer-label-1564468' class=' answer'><span>Supplier is responsible for all intellectual property risks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403095[]' id='answer-id-1564469' class='answer   answerof-403095 ' value='1564469'   \/><label for='answer-id-1564469' id='answer-label-1564469' class=' answer'><span>Large investment in supplier communications<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403095[]' id='answer-id-1564470' class='answer   answerof-403095 ' value='1564470'   \/><label for='answer-id-1564470' id='answer-label-1564470' class=' answer'><span>Understanding of supplier capabilities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403095[]' id='answer-id-1564471' class='answer   answerof-403095 ' value='1564471'   \/><label for='answer-id-1564471' id='answer-label-1564471' class=' answer'><span>No need for supplier non-disclosure agreements<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-403096'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>A law firm is ending an agreement with a client they have represented for many years. <br \/>\r<br>What is the most important legal consideration to be taken before terminating?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='403096' \/><input type='hidden' id='answerType403096' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403096[]' id='answer-id-1564472' class='answer   answerof-403096 ' value='1564472'   \/><label for='answer-id-1564472' id='answer-label-1564472' class=' answer'><span>Employee rights<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403096[]' id='answer-id-1564473' class='answer   answerof-403096 ' value='1564473'   \/><label for='answer-id-1564473' id='answer-label-1564473' class=' answer'><span>Confidentiality<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403096[]' id='answer-id-1564474' class='answer   answerof-403096 ' value='1564474'   \/><label for='answer-id-1564474' id='answer-label-1564474' class=' answer'><span>Finance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403096[]' id='answer-id-1564475' class='answer   answerof-403096 ' value='1564475'   \/><label for='answer-id-1564475' id='answer-label-1564475' class=' answer'><span>Security<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-403097'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>When using competitive forces theory, suppliers are powerful in which of the following situations? Select THREE that apply.<\/div><input type='hidden' name='question_id[]' id='qID_24' value='403097' \/><input type='hidden' id='answerType403097' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403097[]' id='answer-id-1564476' class='answer   answerof-403097 ' value='1564476'   \/><label for='answer-id-1564476' id='answer-label-1564476' class=' answer'><span>There are few substitute products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403097[]' id='answer-id-1564477' class='answer   answerof-403097 ' value='1564477'   \/><label for='answer-id-1564477' id='answer-label-1564477' class=' answer'><span>The product is highly differentiated<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403097[]' id='answer-id-1564478' class='answer   answerof-403097 ' value='1564478'   \/><label for='answer-id-1564478' id='answer-label-1564478' class=' answer'><span>There is potential for backward integration<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403097[]' id='answer-id-1564479' class='answer   answerof-403097 ' value='1564479'   \/><label for='answer-id-1564479' id='answer-label-1564479' class=' answer'><span>The switching costs are high<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403097[]' id='answer-id-1564480' class='answer   answerof-403097 ' value='1564480'   \/><label for='answer-id-1564480' id='answer-label-1564480' class=' answer'><span>The volume purchased is not important<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403097[]' id='answer-id-1564481' class='answer   answerof-403097 ' value='1564481'   \/><label for='answer-id-1564481' id='answer-label-1564481' class=' answer'><span>The product is undifferentiated<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-403098'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>Which of the following are advantages of partnering?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='403098' \/><input type='hidden' id='answerType403098' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403098[]' id='answer-id-1564482' class='answer   answerof-403098 ' value='1564482'   \/><label for='answer-id-1564482' id='answer-label-1564482' class=' answer'><span>Supply chain consolidation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403098[]' id='answer-id-1564483' class='answer   answerof-403098 ' value='1564483'   \/><label for='answer-id-1564483' id='answer-label-1564483' class=' answer'><span>Continual improvement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403098[]' id='answer-id-1564484' class='answer   answerof-403098 ' value='1564484'   \/><label for='answer-id-1564484' id='answer-label-1564484' class=' answer'><span>Hard to displace<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403098[]' id='answer-id-1564485' class='answer   answerof-403098 ' value='1564485'   \/><label for='answer-id-1564485' id='answer-label-1564485' class=' answer'><span>Prioritization of transactions<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-403099'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>Which of the following are the stages of team development?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='403099' \/><input type='hidden' id='answerType403099' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403099[]' id='answer-id-1564486' class='answer   answerof-403099 ' value='1564486'   \/><label for='answer-id-1564486' id='answer-label-1564486' class=' answer'><span>Starting, forming, benchmarking, performing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403099[]' id='answer-id-1564487' class='answer   answerof-403099 ' value='1564487'   \/><label for='answer-id-1564487' id='answer-label-1564487' class=' answer'><span>Forming, storming, norming, performing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403099[]' id='answer-id-1564488' class='answer   answerof-403099 ' value='1564488'   \/><label for='answer-id-1564488' id='answer-label-1564488' class=' answer'><span>Beginning, working, reviewing, performing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403099[]' id='answer-id-1564489' class='answer   answerof-403099 ' value='1564489'   \/><label for='answer-id-1564489' id='answer-label-1564489' class=' answer'><span>Introducing, forming, managing, performing<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-403100'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>In the 1990s, a manufacturer of portable music players partnered with a mini-disk producer. The aim of the partnership was to reduce the size and cost of the devices and enhance flexibility. Sales of the product after launch were low due to a competitive launch of small digital players, which offered better flexibility to customers at a comparable price. The partners suffered substantial loss and never recovered the investment. <br \/>\r<br>In order to mitigate the risk described, what should both partners have considered before investing in the product? Select the TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_27' value='403100' \/><input type='hidden' id='answerType403100' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403100[]' id='answer-id-1564490' class='answer   answerof-403100 ' value='1564490'   \/><label for='answer-id-1564490' id='answer-label-1564490' class=' answer'><span>Fast charging markers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403100[]' id='answer-id-1564491' class='answer   answerof-403100 ' value='1564491'   \/><label for='answer-id-1564491' id='answer-label-1564491' class=' answer'><span>Customer price expectation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403100[]' id='answer-id-1564492' class='answer   answerof-403100 ' value='1564492'   \/><label for='answer-id-1564492' id='answer-label-1564492' class=' answer'><span>New substitute technology<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403100[]' id='answer-id-1564493' class='answer   answerof-403100 ' value='1564493'   \/><label for='answer-id-1564493' id='answer-label-1564493' class=' answer'><span>Cost of investment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403100[]' id='answer-id-1564494' class='answer   answerof-403100 ' value='1564494'   \/><label for='answer-id-1564494' id='answer-label-1564494' class=' answer'><span>Legal implication of partnering<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-403101'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>A low-cost fashion retailer based in Europe is looking at adding value in their procurement activities. The retailer buys clothing for resale with a very small profit margin applied, relying on volume sales to make a profit. <br \/>\r<br>Which of the following added-value approaches will be the most critical for the procurement team of the retailer to focus on with their supply chain?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='403101' \/><input type='hidden' id='answerType403101' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403101[]' id='answer-id-1564495' class='answer   answerof-403101 ' value='1564495'   \/><label for='answer-id-1564495' id='answer-label-1564495' class=' answer'><span>Improving timescales<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403101[]' id='answer-id-1564496' class='answer   answerof-403101 ' value='1564496'   \/><label for='answer-id-1564496' id='answer-label-1564496' class=' answer'><span>Quality enhancement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403101[]' id='answer-id-1564497' class='answer   answerof-403101 ' value='1564497'   \/><label for='answer-id-1564497' id='answer-label-1564497' class=' answer'><span>Reduction of inventory<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403101[]' id='answer-id-1564498' class='answer   answerof-403101 ' value='1564498'   \/><label for='answer-id-1564498' id='answer-label-1564498' class=' answer'><span>Price management<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-403102'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>Construct Builders Ltd works very closely with a supplier called Solid Timber Co on house-building projects. They have a very close working relationship, sharing investment, setting pricing levels, and looking at sharing resources. The two companies also work closely together to set strategic directions and explore new markets for long-term growth. There is no formal contract in place between the two companies. <br \/>\r<br>Using the relationship spectrum, what relationship does this scenario best describe?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='403102' \/><input type='hidden' id='answerType403102' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403102[]' id='answer-id-1564499' class='answer   answerof-403102 ' value='1564499'   \/><label for='answer-id-1564499' id='answer-label-1564499' class=' answer'><span>Constructive<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403102[]' id='answer-id-1564500' class='answer   answerof-403102 ' value='1564500'   \/><label for='answer-id-1564500' id='answer-label-1564500' class=' answer'><span>Transactional<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403102[]' id='answer-id-1564501' class='answer   answerof-403102 ' value='1564501'   \/><label for='answer-id-1564501' id='answer-label-1564501' class=' answer'><span>Co-operative<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403102[]' id='answer-id-1564502' class='answer   answerof-403102 ' value='1564502'   \/><label for='answer-id-1564502' id='answer-label-1564502' class=' answer'><span>Partnership<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-403103'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>How would a buyer measure value for money from a relationship with a new supplier for goods?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='403103' \/><input type='hidden' id='answerType403103' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403103[]' id='answer-id-1564503' class='answer   answerof-403103 ' value='1564503'   \/><label for='answer-id-1564503' id='answer-label-1564503' class=' answer'><span>Audit of how suppliers promise<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403103[]' id='answer-id-1564504' class='answer   answerof-403103 ' value='1564504'   \/><label for='answer-id-1564504' id='answer-label-1564504' class=' answer'><span>Lowest possible cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403103[]' id='answer-id-1564505' class='answer   answerof-403103 ' value='1564505'   \/><label for='answer-id-1564505' id='answer-label-1564505' class=' answer'><span>Balance of quality and cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403103[]' id='answer-id-1564506' class='answer   answerof-403103 ' value='1564506'   \/><label for='answer-id-1564506' id='answer-label-1564506' class=' answer'><span>Quality and volume of goods<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-403104'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>The executive board of a manufacturing company is requesting support from the procurement team because the company needs to improve its levels of profitability. After segmenting the overall spend by value and risk of supply, the senior buyer for the company is planning to undertake a cost modeling activity. This will be undertaken with a cross-organizational team of internal stakeholders and key strategic suppliers. <br \/>\r<br>What would be the buyer's initial objective from the cost modeling activity?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='403104' \/><input type='hidden' id='answerType403104' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403104[]' id='answer-id-1564507' class='answer   answerof-403104 ' value='1564507'   \/><label for='answer-id-1564507' id='answer-label-1564507' class=' answer'><span>To understand the supplier's competitive threats<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403104[]' id='answer-id-1564508' class='answer   answerof-403104 ' value='1564508'   \/><label for='answer-id-1564508' id='answer-label-1564508' class=' answer'><span>To understand the supplier's financial status<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403104[]' id='answer-id-1564509' class='answer   answerof-403104 ' value='1564509'   \/><label for='answer-id-1564509' id='answer-label-1564509' class=' answer'><span>To understand the supplier's pricing strategy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403104[]' id='answer-id-1564510' class='answer   answerof-403104 ' value='1564510'   \/><label for='answer-id-1564510' id='answer-label-1564510' class=' answer'><span>To understand the supplier's investment plans<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-403105'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>Which of the following are examples of ways in which businesses can add value? Select THREE that apply.<\/div><input type='hidden' name='question_id[]' id='qID_32' value='403105' \/><input type='hidden' id='answerType403105' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403105[]' id='answer-id-1564511' class='answer   answerof-403105 ' value='1564511'   \/><label for='answer-id-1564511' id='answer-label-1564511' class=' answer'><span>Through delivering excellent service<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403105[]' id='answer-id-1564512' class='answer   answerof-403105 ' value='1564512'   \/><label for='answer-id-1564512' id='answer-label-1564512' class=' answer'><span>Creating a win-win price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403105[]' id='answer-id-1564513' class='answer   answerof-403105 ' value='1564513'   \/><label for='answer-id-1564513' id='answer-label-1564513' class=' answer'><span>Product features and benefits<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403105[]' id='answer-id-1564514' class='answer   answerof-403105 ' value='1564514'   \/><label for='answer-id-1564514' id='answer-label-1564514' class=' answer'><span>Reducing customer service levels<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403105[]' id='answer-id-1564515' class='answer   answerof-403105 ' value='1564515'   \/><label for='answer-id-1564515' id='answer-label-1564515' class=' answer'><span>Investing in customers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403105[]' id='answer-id-1564516' class='answer   answerof-403105 ' value='1564516'   \/><label for='answer-id-1564516' id='answer-label-1564516' class=' answer'><span>Offering convenience<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-403106'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>The director of procurement for a global telecommunications firm has segmented their expenditure and has decided to focus on developing relationships with their bottleneck suppliers. <br \/>\r<br>Is this the correct process?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='403106' \/><input type='hidden' id='answerType403106' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403106[]' id='answer-id-1564517' class='answer   answerof-403106 ' value='1564517'   \/><label for='answer-id-1564517' id='answer-label-1564517' class=' answer'><span>No, as there is lots of variety of goods available<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403106[]' id='answer-id-1564518' class='answer   answerof-403106 ' value='1564518'   \/><label for='answer-id-1564518' id='answer-label-1564518' class=' answer'><span>No, as there is vast competition<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403106[]' id='answer-id-1564519' class='answer   answerof-403106 ' value='1564519'   \/><label for='answer-id-1564519' id='answer-label-1564519' class=' answer'><span>Yes, as there are low costs to switching suppliers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403106[]' id='answer-id-1564520' class='answer   answerof-403106 ' value='1564520'   \/><label for='answer-id-1564520' id='answer-label-1564520' class=' answer'><span>Yes, as there are little or no other options available<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-403107'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardized. <br \/>\r<br>Is this TRUE or FALSE?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='403107' \/><input type='hidden' id='answerType403107' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403107[]' id='answer-id-1564521' class='answer   answerof-403107 ' value='1564521'   \/><label for='answer-id-1564521' id='answer-label-1564521' class=' answer'><span>False, the product is in a supply market which is highly complex and the product is of low importance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403107[]' id='answer-id-1564522' class='answer   answerof-403107 ' value='1564522'   \/><label for='answer-id-1564522' id='answer-label-1564522' class=' answer'><span>False, the product is in a supply market which is highly complex and the product is of high importance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403107[]' id='answer-id-1564523' class='answer   answerof-403107 ' value='1564523'   \/><label for='answer-id-1564523' id='answer-label-1564523' class=' answer'><span>True, the product is in a supply market which is of low complexity and the product is of high importance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403107[]' id='answer-id-1564524' class='answer   answerof-403107 ' value='1564524'   \/><label for='answer-id-1564524' id='answer-label-1564524' class=' answer'><span>True, the product is in a supply market which is of low complexity and the product is of low importance<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-403108'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>A partnership approach to a buyer-supplier relationship, as opposed to a traditional adversarial approach, would have which of the following characteristics?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='403108' \/><input type='hidden' id='answerType403108' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403108[]' id='answer-id-1564525' class='answer   answerof-403108 ' value='1564525'   \/><label for='answer-id-1564525' id='answer-label-1564525' class=' answer'><span>Greater levels of transparency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403108[]' id='answer-id-1564526' class='answer   answerof-403108 ' value='1564526'   \/><label for='answer-id-1564526' id='answer-label-1564526' class=' answer'><span>Increased supplier contractual terms<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403108[]' id='answer-id-1564527' class='answer   answerof-403108 ' value='1564527'   \/><label for='answer-id-1564527' id='answer-label-1564527' class=' answer'><span>Specifications designed by the buyer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-403108[]' id='answer-id-1564528' class='answer   answerof-403108 ' value='1564528'   \/><label for='answer-id-1564528' id='answer-label-1564528' class=' answer'><span>Shared cost benefits<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-403109'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>Hungry Sandwich Co. produces over 5,000 freshly made sandwiches on-site every day. The main ingredient that Hungry Sandwich Co. buys is bread. It is the item they spend the most money on, and they have a long-term partnership agreement with a local bakery to manufacture and supply fresh bread every morning. <br \/>\r<br>Using a supplier positioning matrix, which is the appropriate category for bread for Hungry Sandwich Co.?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='403109' \/><input type='hidden' id='answerType403109' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403109[]' id='answer-id-1564529' class='answer   answerof-403109 ' value='1564529'   \/><label for='answer-id-1564529' id='answer-label-1564529' class=' answer'><span>Non-critical<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403109[]' id='answer-id-1564530' class='answer   answerof-403109 ' value='1564530'   \/><label for='answer-id-1564530' id='answer-label-1564530' class=' answer'><span>Bottleneck<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403109[]' id='answer-id-1564531' class='answer   answerof-403109 ' value='1564531'   \/><label for='answer-id-1564531' id='answer-label-1564531' class=' answer'><span>Abundant<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403109[]' id='answer-id-1564532' class='answer   answerof-403109 ' value='1564532'   \/><label for='answer-id-1564532' id='answer-label-1564532' class=' answer'><span>Strategic<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-403110'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over &pound;10,000. <br \/>\r<br>What is the primary aim of this policy?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='403110' \/><input type='hidden' id='answerType403110' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403110[]' id='answer-id-1564533' class='answer   answerof-403110 ' value='1564533'   \/><label for='answer-id-1564533' id='answer-label-1564533' class=' answer'><span>To deliver an agile process<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403110[]' id='answer-id-1564534' class='answer   answerof-403110 ' value='1564534'   \/><label for='answer-id-1564534' id='answer-label-1564534' class=' answer'><span>To ensure value for money is achieved<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403110[]' id='answer-id-1564535' class='answer   answerof-403110 ' value='1564535'   \/><label for='answer-id-1564535' id='answer-label-1564535' class=' answer'><span>To allow procurement to select the lowest price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403110[]' id='answer-id-1564536' class='answer   answerof-403110 ' value='1564536'   \/><label for='answer-id-1564536' id='answer-label-1564536' class=' answer'><span>To enable a reduction in competition<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-403111'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>Rivalry between suppliers is more likely to be intense in which of the following situations?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='403111' \/><input type='hidden' id='answerType403111' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403111[]' id='answer-id-1564537' class='answer   answerof-403111 ' value='1564537'   \/><label for='answer-id-1564537' id='answer-label-1564537' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403111[]' id='answer-id-1564538' class='answer   answerof-403111 ' value='1564538'   \/><label for='answer-id-1564538' id='answer-label-1564538' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403111[]' id='answer-id-1564539' class='answer   answerof-403111 ' value='1564539'   \/><label for='answer-id-1564539' id='answer-label-1564539' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403111[]' id='answer-id-1564540' class='answer   answerof-403111 ' value='1564540'   \/><label for='answer-id-1564540' id='answer-label-1564540' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-403112'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>A partnership between a software development company and a software supplier has recently been created. In order for the partnership to be successful, what is a critical action to take in the early stages of their relationship?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='403112' \/><input type='hidden' id='answerType403112' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403112[]' id='answer-id-1564541' class='answer   answerof-403112 ' value='1564541'   \/><label for='answer-id-1564541' id='answer-label-1564541' class=' answer'><span>Define the standards both parties are expected to meet<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403112[]' id='answer-id-1564542' class='answer   answerof-403112 ' value='1564542'   \/><label for='answer-id-1564542' id='answer-label-1564542' class=' answer'><span>Look at costing models<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403112[]' id='answer-id-1564543' class='answer   answerof-403112 ' value='1564543'   \/><label for='answer-id-1564543' id='answer-label-1564543' class=' answer'><span>Promote the new partnership<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403112[]' id='answer-id-1564544' class='answer   answerof-403112 ' value='1564544'   \/><label for='answer-id-1564544' id='answer-label-1564544' class=' answer'><span>Complete audits on the performance of both parties<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-403113'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>A company is about to invite tenders for a contract to clean external windows at several premises, all at least three storeys high. It is going to do this in two stages. For the first stage, it will issue a pre-qualification questionnaire (PQQ) and, from the replies, select at least five potential suppliers to invite to tender. <br \/>\r<br>Which of the following is a selection criterion rather than an award criterion?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='403113' \/><input type='hidden' id='answerType403113' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403113[]' id='answer-id-1564545' class='answer   answerof-403113 ' value='1564545'   \/><label for='answer-id-1564545' id='answer-label-1564545' class=' answer'><span>Risk assessments at the premises<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403113[]' id='answer-id-1564546' class='answer   answerof-403113 ' value='1564546'   \/><label for='answer-id-1564546' id='answer-label-1564546' class=' answer'><span>Method statements for previous contracts<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403113[]' id='answer-id-1564547' class='answer   answerof-403113 ' value='1564547'   \/><label for='answer-id-1564547' id='answer-label-1564547' class=' answer'><span>Price that will be charged<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-403113[]' id='answer-id-1564548' class='answer   answerof-403113 ' value='1564548'   \/><label for='answer-id-1564548' id='answer-label-1564548' class=' answer'><span>Environmental impact assessment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-41'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons10152\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; 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   \t \n<\/script>\n<p>&nbsp;<\/p>\n<h3>You can read more demos online; the <a href=\"https:\/\/www.dumpsbase.com\/freedumps\/cips-l4m6-free-dumps-part-2-q41-q85-of-v10-02-check-the-free-demo-questions-to-verify-the-latest-dumps.html\"><span style=\"background-color: #00ffff;\"><em>L4M6 free dumps (Part 2, Q41-Q85)<\/em><\/span><\/a> are available online.<\/h3>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CIPS L4M6 dumps are a powerful study guide that helps you prepare efficiently for the CIPS Supplier Relationships exam. The professional team of DumpsBase updated the L4M6 dumps to V10.02, offering 226 practice exam questions and answers to help you learn all the required exam topics. 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