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Practice CIPS L4M6 Exam Questions

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  Total 120 Questions
Question No 1

According to Michael Porter, what is procurement?

Choose the Choices:

a support activity which provides a source of competitive advantage

a primary activity which provides a source of competitive activity

a primary activity which provides value for money

a secondary activity which provides value for money

A
Question No 2

Which of the following are considered part of the '5 Rights of Procurement'? Select THREE.

Choose the Choices:

place

quality

cost

focus

time

A,B,E
Question No 3

In a monopoly market, which of the following statements is true?

Choose the Choices:

bargaining power of suppliers is strong

bargaining power of buyers is strong

There is strong rivalry

There is a threat of new entrants

A
Question No 4

In an oliogopy market, what would a regulator do?

Choose the Choices:

prevent price fixing and collusion

stop the market becoming a monopoly

ensure value for money for buyers

ensure health and safety standards

A
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Practice CIPS L4M6 Exam Questions

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Question No 2

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