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CIPS L4M4 Exam - 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, 08:29 PM

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Fernanda
6 months ago
Not sure if it’s always intangible, though.
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Georgiana
6 months ago
I think it’s always about perception, not just price.
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Brock
6 months ago
Really? I thought it could be measured objectively.
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Kristofer
7 months ago
Totally agree, it’s subjective!
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Dulce
7 months ago
Added value can vary by industry.
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Billi
7 months ago
I recall that added value can be both tangible and intangible, so I'm leaning towards option D being incorrect.
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Iola
7 months ago
I think we had a practice question that mentioned how added value is linked to customer perception, which might support option C.
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Jules
7 months ago
I'm not entirely sure, but I feel like added value is subjective and depends on the context of each organization.
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Kiley
8 months ago
I remember discussing how added value can vary between companies, so I think option C makes sense.
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Latosha
8 months ago
Okay, I think the key here is to understand that added value is not always tangible. It can include intangible factors as well. I'll go with option D.
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Marguerita
8 months ago
I'm pretty confident that added value is not the same for all organizations. It likely varies based on the company and industry. I'll select option C.
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Glenn
8 months ago
Hmm, I'm a bit confused by this question. I'll need to review my notes on added value to see if it can be objectively defined.
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Kiley
8 months ago
This is a tricky one. I'll need to think carefully about the definition of "added value" and whether it can truly be objective.
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Malcom
2 years 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
2 years ago
User 3
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Marylin
2 years ago
User 2
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Adelina
2 years ago
User 1
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Nida
2 years 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
2 years ago
D) no- added value is always intangible
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Patrick
2 years ago
C) no - added value may change from one company to another
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Titus
2 years ago
A) Yes- added value should be assessed along with price
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Gary
2 years ago
C) no - added value may change from one company to another
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Tanja
2 years ago
B seems like the right choice to me. Added value is a standardized concept, isn't it?
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Arthur
2 years ago
A) Yes- added value should be assessed along with price
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Gretchen
2 years 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
2 years ago
I think it's important to consider how added value can vary from one company to another.
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Jaime
2 years ago
Yes, added value should be assessed along with price.
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Bambi
2 years ago
I agree, added value is not the same for all organizations.
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Eden
2 years 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
2 years ago
C) no - added value may change from one company to another
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