STRENGTHEN YOUR CIPS EXAM PREPARATION WITH THE CIPS L4M5 DUMPS

Strengthen Your CIPS Exam Preparation With The CIPS L4M5 Dumps

Strengthen Your CIPS Exam Preparation With The CIPS L4M5 Dumps

Blog Article

Tags: L4M5 Latest Test Testking, L4M5 Valid Test Cram, Reliable L4M5 Exam Answers, L4M5 Cert, L4M5 Study Materials Review

Perhaps the few qualifications you have on your hands are your greatest asset, and the L4M5 test prep is to give you that capital by passing exam fast and obtain certification soon. Don't doubt about it. More useful certifications mean more ways out. If you pass the L4M5exam, you will be welcome by all companies which have relating business with L4M5 exam torrent. Even some one can job-hop to this international company. Opportunities are reserved for those who are prepared.

CIPS L4M5 (Commercial Negotiation) Certification Exam is a professional qualification designed to provide individuals with the skills and knowledge required to negotiate successful commercial contracts. L4M5 exam is offered by the Chartered Institute of Procurement and Supply (CIPS), which is a leading global organization that promotes best practices in procurement and supply chain management. The CIPS L4M5 exam is suitable for individuals who work in procurement, supply chain, and commercial roles, as well as those who wish to enhance their negotiation skills.

CIPS L4M5 (Commercial Negotiation) Exam is designed to assess the knowledge and skills of procurement professionals in the area of commercial negotiation. L4M5 exam focuses on the key principles and techniques of negotiation, which are essential for procurement professionals to achieve the best possible outcomes for their organizations. L4M5 Exam covers a wide range of topics, including negotiation strategies, tactics, and techniques, as well as the legal and ethical considerations that must be taken into account during the negotiation process.

The L4M5 Commercial Negotiation Certification Exam is designed for procurement and supply chain professionals who are involved in negotiating contracts and agreements with suppliers and vendors. Commercial Negotiation certification is suitable for individuals who are looking to enhance their negotiation skills and develop a strategic approach to negotiating commercial contracts.

>> L4M5 Latest Test Testking <<

L4M5 Valid Test Cram, Reliable L4M5 Exam Answers

CIPS certification L4M5 exam is a test of IT professional knowledge. 2Pass4sure is a website which can help you quickly pass CIPS certification L4M5 exams. In order to pass CIPS certification L4M5 exam, many people who attend CIPS certification L4M5 exam have spent a lot of time and effort, or spend a lot of money to participate in the cram school. 2Pass4sure is able to let you need to spend less time, money and effort to prepare for CIPS Certification L4M5 Exam, which will offer you a targeted training. You only need about 20 hours training to pass the exam successfully.

CIPS Commercial Negotiation Sample Questions (Q302-Q307):

NEW QUESTION # 302
Which of thefollowing is the purpose of using stakeholder support level scale?

  • A. To identify stakeholder's needs and expectations
  • B. To identify key stakeholders
  • C. To estimate the gap and the progress towards desired levels of support
  • D. To identify stakeholder level of influence and interest and plot them on stakeholder map

Answer: C

Explanation:
Explanation
In order to estimate the gap and the progress towards desired level of support, a stakeholder support scale can be used by the procurement internally. The support level scale measures stakeholder commitment. Current support level for the procurement/negotiation objectives should be gained from engagement with key stakeholders. The following is an example of stakeholder support level scale:
Graphical user interface, application Description automatically generated

LO 1, AC 1.1


NEW QUESTION # 303
Personal power is only used in distributive approach. Is this statement true?

  • A. Yes, because one party will abuse coercive power to maximise the gain
  • B. No, because personal power can be very helpful in integrative approach
  • C. No, because only organisational power will optimise the negotiation outcomes
  • D. Yes, because only distributive approach to negotiation requires strong personal power

Answer: B

Explanation:
Power, or more precisely perceptions of power, are critically important in understanding the commercial negotiation process. From a commercial negotiation point of view (under any circumstances, either integrative or distributive approach), CIPS is interested in power from both a personal and organisational perspective.
When you are negotiating on behalf of your employer, you bring the power of your organisation (its brand, reputation and purchasing spend) as well your own personal power (6 sources of personal power, based on French and Raven's power base model) to the negotiation.
In both integrative and distributive approaches, personal power plays an important role. It helps both parties push through negotiating barriers and secure commitment and final agreement LO 1, AC 1.3


NEW QUESTION # 304
Which of the following are macroeconomic factors that may have influence to the commercial negotiation?
Select TWO that apply

  • A. Supply curve
  • B. Equilibrium price
  • C. Bargaining power of supplier
  • D. Rising import tariffs
  • E. Unemployment rate

Answer: D,E

Explanation:
Explanation
There are many macro economic factors that could influence procurement in general andcommercial negotiation in particular. Below are six factors that are agreed to be fairly significant:
* Economy growth rate
* Inflation rates
* Interest rates
* Currency exchange rate
* Unemployment rate
* Protectionism
LO 2, AC 2.2


NEW QUESTION # 305
Which of the following are typical characteristics of activity-based costing (ABC) method? Select TWO that apply.

  • A. Limited understanding of true costs incurred
  • B. ABC has tended to over cost products on long runs and under cost those on short runs
  • C. Variable and all related overhead expenses are specifically assigned to a business activity
  • D. ABC provides the information required to take action and realise improvements
  • E. Costs are allocated based on volume

Answer: C,D

Explanation:
Activity-based costing is an alternative approach to traditional absorption costing. The characteristics of these two methods are illustrated in the graph below:
Graphical user interface, text, chat or text message, website Description automatically generated


NEW QUESTION # 306
Which of the following are most likely to turn buying organisation into an unattractive customer in supplier's perspective? Select TWO that apply.

  • A. Using SRM technology
  • B. Adopting clear and concise CSR policies
  • C. Demands for kickback
  • D. Unclear tender award criteria
  • E. Reduced paperwork in procurement processes

Answer: C,D

Explanation:
Becoming a preferred customerto supplier's perspective can increase the purchaser's leverage in negotiation.
Beside the size of buying organisation or its spend, the following may be sufficient to differentiate the buyer from other buying organisations:
Simple procurement processes: Using SRM technology may help to simplify the process Simple contracting processes Clear and concise documentation: Reduced paperwork helps both supplier and buyer save their time and resources.
Absence of onerous supplier terms and conditions
On-time payment
Transparent processes: Unclear tender award criteria can be seen as opaque. Suppliers who attended the tendering processes cannot know the reasons why their bids are rejected and hesitate to attend other tendering.
Ethical behaviour: Suppliers may prefer a buyer who adopts CSR policy because they can predict potential customer's behaviour. Demands for kickback are unethical behaviours.


NEW QUESTION # 307
......

Elementary L4M5 practice materials as representatives in the line are enjoying high reputation in the market rather than some useless practice materials which cash in on your worries. We can relieve you of uptight mood and serve as a considerate and responsible company which never shirks responsibility. It is easy to get advancement by our L4M5 practice materials. On the cutting edge of this line for over ten years, we are trustworthy company you can really count on.

L4M5 Valid Test Cram: https://www.2pass4sure.com/CIPS-Level-4-Diploma-in-Procurement-and-Supply/L4M5-actual-exam-braindumps.html

Report this page