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 L4M4 Topic 3 Question 24 Discussion

Actual exam question for CIPS's L4M4 exam
Question #: 24
Topic #: 3
[All L4M4 Questions]

If a commodity index shows that the price of a commodity is continually rising, what does this indicate about the market?

Show Suggested Answer Hide Answer
Suggested Answer: D

you would use a restricted approach when interest is likely to be high. The buyer needs a method of de-selecting unsuitable bidders and creating a shortlist of acceptable organisations.

For complex requirements you could use both an open or restrictive tender- the difference between the approaches is about how many bids you're likely to get rather than the complexity of it.


by Stevie at Sep 17, 2024, 04:22 AM

Limited Time Offer

25%

Off

Get Premium L4M4 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Jovita
27 days ago
B) demand is exceeding supply? That's what they want us to think! I'm going with A) there is little demand in the marketplace. The man is trying to trick us, I tell you!
upvoted 0 times
...
Bernardo
28 days ago
I'm stumped on this one. Maybe I should have paid more attention in my Econ 101 class. Or maybe I should just ask my dog - he seems to know more about economics than I do.
upvoted 0 times
Melissa
13 days ago
A) demand is exceeding supply
upvoted 0 times
...
...
Harrison
1 months ago
I'll have to go with C) there is a threat of substitution. I mean, why else would the prices be going up, other than people looking for alternatives?
upvoted 0 times
Pansy
13 days ago
A) that there is little demand in the marketplace
upvoted 0 times
...
...
Dorathy
2 months ago
But could it also mean there is a threat of substitution if prices keep rising?
upvoted 0 times
...
Ilda
2 months ago
I'm going with D) the marketplace is a monopoly. That's just common sense, right? If prices are constantly rising, it's gotta be a monopoly!
upvoted 0 times
Kristel
1 months ago
D) the marketplace is a monopoly
upvoted 0 times
...
Corrie
1 months ago
C) there is a threat of substitution
upvoted 0 times
...
Kimi
2 months ago
B) demand is exceeding supply
upvoted 0 times
...
Freeman
2 months ago
A) that there is little demand in the marketplace
upvoted 0 times
...
...
Thomasena
2 months ago
Clearly, the correct answer is B) demand is exceeding supply. Any first-year economics student could tell you that!
upvoted 0 times
...
Lyndia
2 months ago
I agree with Clarinda, when demand exceeds supply, prices go up.
upvoted 0 times
...
Clarinda
2 months ago
I think if the price of a commodity is rising, it means demand is exceeding supply.
upvoted 0 times
...

Save Cancel