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CIPS L4M5 Exam With Confidence Using Practice Dumps

Exam Code:
L4M5
Exam Name:
Commercial Negotiation
Vendor:
Questions:
275
Last Updated:
Apr 30, 2025
Exam Status:
Stable
CIPS L4M5

L4M5: CIPS Level 4 Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

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Commercial Negotiation Questions and Answers

Question 1

A procurement manager is considering negotiating variable pricing for a contract duration of 12 months. Would this be the right thing to do?

Options:

A.

No, because this will not enhance the buyer-supplier relationship

B.

No, because it will prove difficult to budget for the duration of the contract and provide financial uncertainty

C.

Yes, because this method of pricing will always provide value for money

D.

Yes, because it will build relationships with the supplier and provide a stronger platform for the next contract renewal

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Question 2

Which of the following will shift the supply curve to the right?

Options:

A.

Changes in customer taste

B.

New disruptive technology

C.

Decreased market price of substitute products

D.

Increased customers' disposable income

Question 3

An organization should develop different relationships which are appropriate to each supplier situation. Which ONE of the following analysis methods could help to identify these?

Options:

A.

Resources and cost spectrum

B.

The relationship spectrum

C.

The color spectrum

D.

A spectrum of non-critical items