Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIPS Exam L4M2 Topic 10 Question 54 Discussion

Actual exam question for CIPS's L4M2 exam
Question #: 54
Topic #: 10
[All L4M2 Questions]

Buyers can ascertain the prices by examining information provided by primary and secondary sources of market data. Which of the following is a secondary source of market data?

Show Suggested Answer Hide Answer
Suggested Answer: A

Price comparison websites are secondary sources as they aggregate data collected from multiple suppliers. Primary sources (like RFQs and brochures) come directly from the supplier. Reference: CIPS Level 4, Market Data Analysis.


by Rebbecca at Feb 11, 2025, 02:58 AM

Limited Time Offer

25%

Off

Get Premium L4M2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Cordie
2 months ago
I'm gonna go with B. Can't go wrong with good old-fashioned data, am I right? Though I do wonder if the buyer has been keeping those records up to date...
upvoted 0 times
Whitney
29 days ago
B) Historical records of supplier prices on the buyer's database
upvoted 0 times
...
Xochitl
1 months ago
A) Supplier prices provided on price comparison websites
upvoted 0 times
...
...
Carmela
2 months ago
I'm not sure, but I think C) Price brochures provided by the supplier's sales team could also be a secondary source of market data.
upvoted 0 times
...
Moon
2 months ago
I agree with Margarett, because historical records can give us a good idea of past prices.
upvoted 0 times
...
Twanna
2 months ago
Ha, the supplier's sales team? Really? That's about as primary as it gets. C is definitely not the answer here.
upvoted 0 times
Detra
20 days ago
Exactly, we need to look at secondary sources for market data.
upvoted 0 times
...
Apolonia
23 days ago
Yeah, I agree. The sales team is definitely a primary source.
upvoted 0 times
...
Yuonne
28 days ago
D) Suppliers' prices provided on the buyer's request for quotation
upvoted 0 times
...
Shaun
1 months ago
B) Historical records of supplier prices on the buyer's database
upvoted 0 times
...
Nakita
1 months ago
A) Supplier prices provided on price comparison websites
upvoted 0 times
...
...
Margarett
2 months ago
I think the answer is B) Historical records of supplier prices on the buyer's database.
upvoted 0 times
...
Ashlee
2 months ago
Hmm, I'm not sure. A and D both sound like they could be secondary sources too. This is a tricky one!
upvoted 0 times
...
Alishia
2 months ago
I'd go with B - historical records are definitely a secondary source of market data. That's just common sense.
upvoted 0 times
Gene
21 days ago
D) Suppliers' prices provided on the buyer's request for quotation
upvoted 0 times
...
Tiara
25 days ago
C) Price brochures provided by the supplier's sales team
upvoted 0 times
...
Alfreda
1 months ago
B) Historical records of supplier prices on the buyer's database
upvoted 0 times
...
Stevie
1 months ago
A) Supplier prices provided on price comparison websites
upvoted 0 times
...
Lashawn
2 months ago
B) Historical records of supplier prices on the buyer's database
upvoted 0 times
...
Jettie
2 months ago
A) Supplier prices provided on price comparison websites
upvoted 0 times
...
...

Save Cancel