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CIPS L4M2 Exam - Topic 10 Question 54 Discussion

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?
A) Supplier prices provided on price comparison websites
B) Historical records of supplier prices on the buyer's database
C) Price brochures provided by the supplier's sales team
D) Suppliers' prices provided on the buyer's request for quotation

CIPS L4M2 Exam - 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

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Kate
7 months ago
Historical records are usually considered secondary, so B is correct!
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Veronika
8 months ago
Wait, are we sure about D being secondary?
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Mitsue
8 months ago
C seems like a primary source to me.
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Anna
8 months ago
I think B is more accurate, though.
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Garry
8 months ago
A is definitely a secondary source!
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Bettye
9 months ago
I’m confused about the definitions, but I think option A could be secondary since it’s compiled from various suppliers, right?
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Sharmaine
9 months ago
I feel like I’ve seen a similar question before, and I think brochures from suppliers might be considered primary sources since they come directly from them.
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Lili
9 months ago
I’m not too sure, but I remember something about price comparison websites being more like primary sources since they gather current data directly from suppliers.
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Claribel
9 months ago
I think secondary sources are usually data that’s been collected by someone else, so I’m leaning towards option B with the historical records.
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Ming
9 months ago
I've got this! The supplier's own price brochures would be a primary source, while the price comparison websites would be a secondary source since they compile data from multiple suppliers.
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Marguerita
9 months ago
Okay, I know that primary sources are direct from the supplier, and secondary sources are indirect. I just need to identify which of these options is a secondary source.
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Lon
9 months ago
Hmm, I'm a bit unsure about the difference between primary and secondary sources here. Let me think this through carefully.
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Chanel
9 months ago
This seems like a straightforward question about primary and secondary sources of market data. I think I can handle this one.
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Cordie
1 year 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...
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Whitney
1 year ago
B) Historical records of supplier prices on the buyer's database
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Xochitl
1 year ago
A) Supplier prices provided on price comparison websites
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Carmela
1 year 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.
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Moon
1 year ago
I agree with Margarett, because historical records can give us a good idea of past prices.
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Twanna
1 year ago
Ha, the supplier's sales team? Really? That's about as primary as it gets. C is definitely not the answer here.
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Detra
1 year ago
Exactly, we need to look at secondary sources for market data.
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Apolonia
1 year ago
Yeah, I agree. The sales team is definitely a primary source.
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Yuonne
1 year ago
D) Suppliers' prices provided on the buyer's request for quotation
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Shaun
1 year ago
B) Historical records of supplier prices on the buyer's database
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Nakita
1 year ago
A) Supplier prices provided on price comparison websites
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Margarett
1 year ago
I think the answer is B) Historical records of supplier prices on the buyer's database.
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Ashlee
1 year ago
Hmm, I'm not sure. A and D both sound like they could be secondary sources too. This is a tricky one!
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Alishia
1 year ago
I'd go with B - historical records are definitely a secondary source of market data. That's just common sense.
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Gene
1 year ago
D) Suppliers' prices provided on the buyer's request for quotation
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Tiara
1 year ago
C) Price brochures provided by the supplier's sales team
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Alfreda
1 year ago
B) Historical records of supplier prices on the buyer's database
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Stevie
1 year ago
A) Supplier prices provided on price comparison websites
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Lashawn
1 year ago
B) Historical records of supplier prices on the buyer's database
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Jettie
1 year ago
A) Supplier prices provided on price comparison websites
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