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CIPS Exam L4M5 Topic 5 Question 61 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 61
Topic #: 5
[All L4M5 Questions]

Professional buyer is planning for the next negotiation of a simple one-off contract. This negotiation is typified by which of the following? Select TWO that apply.

Show Suggested Answer Hide Answer
Suggested Answer: B

The following graph shows the factors that shift the supply curve to the left and to the right.


- CIPS study guide page 103

- Principles of Microeconomics 2e, 2017, Open Stax - Rice University.

LO 2, AC 2.2

by Gearldine at May 29, 2024, 07:36 PM

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Dean
1 months ago
Pricing is the most important criterion? Oh, come on, we all know the real priority is free donuts and coffee during the negotiations.
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Shanda
26 days ago
C) Vendor ratings will be used
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Alexia
1 months ago
A) Continuous dialogue with supplier
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Kenny
2 months ago
Total cost of ownership? Gotta love when the bean counters take over. I'll just toss in a random number and call it a day.
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Micaela
2 days ago
Pricing is the most important criterion.
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Almeta
5 days ago
Total cost of ownership is the most important criterion.
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Bettye
10 days ago
Continuous dialogue with supplier and Vendor ratings will be used.
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Rodrigo
2 months ago
Vendor ratings? I bet the suppliers will love that. Time to bring out the charm offensive!
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Asuncion
12 days ago
E) Pricing is the most important criterion
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Darci
13 days ago
Yes, building a good relationship with the supplier is key.
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Teri
22 days ago
C) Vendor ratings will be used
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Cassie
28 days ago
A) Continuous dialogue with supplier
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Golda
2 months ago
Continuous dialogue with the supplier and an arm's-length approach? Sounds like a tricky balancing act to me.
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Delbert
2 months ago
I believe E is also important, pricing should be a key criterion in negotiation.
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Wynell
2 months ago
I agree with Miles, continuous dialogue with supplier and vendor ratings are important.
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Miles
3 months ago
I think A and C apply.
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