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CIPS Exam L4M4 Topic 3 Question 23 Discussion

Actual exam question for CIPS's L4M4 exam
Question #: 23
Topic #: 3
[All L4M4 Questions]

Added value can be objectively defined. Is this sentence TRUE?

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Suggested Answer: C

The correct answer is 'no - added value may change from one company to another'.

Added value is very subjective. What one person thinks is excellent added value, another may not rate highly. For example one buyer may consider a supplier having good brand reputation as added value, but another might not care.

The other no answer is incorrect because added value can be tangible or intangible. Tangible means you can touch and see it and intangible means you can't.


by Latia at Sep 18, 2024, 09:29 PM

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Malcom
11 months ago
Ha! As if any of these answers could be considered 'objective'. Added value is in the eye of the beholder if you ask me.
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Corrie
9 months ago
User 3
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Marylin
10 months ago
User 2
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Adelina
10 months ago
User 1
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Nida
11 months ago
Hmm, I'm not so sure. I feel like D might be the way to go - added value is often quite intangible and hard to measure objectively.
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Tran
11 months ago
D) no- added value is always intangible
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Patrick
11 months ago
C) no - added value may change from one company to another
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Titus
11 months ago
A) Yes- added value should be assessed along with price
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Gary
11 months ago
C) no - added value may change from one company to another
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Tanja
11 months ago
B seems like the right choice to me. Added value is a standardized concept, isn't it?
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Arthur
12 months ago
A) Yes- added value should be assessed along with price
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Gretchen
12 months ago
I think the correct answer is C. Added value can definitely differ between companies based on their offerings and target customers.
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Eura
11 months ago
I think it's important to consider how added value can vary from one company to another.
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Jaime
11 months ago
Yes, added value should be assessed along with price.
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Bambi
11 months ago
I agree, added value is not the same for all organizations.
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Eden
11 months ago
I think the correct answer is C. Added value can definitely differ between companies based on their offerings and target customers.
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Floyd
12 months ago
C) no - added value may change from one company to another
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