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CIPS L4M2 Exam With Confidence Using Practice Dumps

Exam Code:
L4M2
Exam Name:
Defining Business Needs
Vendor:
Questions:
303
Last Updated:
Dec 3, 2025
Exam Status:
Stable
CIPS L4M2

L4M2: CIPS Level 4 Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

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Defining Business Needs Questions and Answers

Question 1

A buyer in Housing Authority is considering using performance specification in upcoming social housing project. What should buyer be aware when using this type of specification?

Options:

A.

In performance specification, specific brands and preferred suppliers must be appointed to avoid the competition

B.

Using performance specification means that the buyer will bear all the risks regarding the fitness for purpose of the facility.

C.

The buyer must be able to clearly define the performance metrics to ensure that the of-fered solution will achieve the desired outcome

D.

The buyer must be able to define the materials to be used, the execution and installation methods required and the specific design of the building

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Question 2

Lucy, a junior procurement analyst, has been asked to assess the competitive forces in the garden furniture market. XYZ Ltd is the largest producer of garden furniture in the country. It produces 70% of all the garden furniture manufactured, while the second largest manufacturer produces less than 5% of the garden furniture for the country. Which power does XYZ Ltd possess?

Options:

A.

Purchasing power

B.

Substitute power

C.

Supplier bargaining power

D.

Buyer bargaining power

Question 3

Daytona Ltd is developing a new product which is more environmental friendly. Though the objectives are set, the project team has no idea on which functions will be customers' favourites. Which of the following will help them decide the 'should-have' functions of the new product?

Options:

A.

Kano model

B.

Taguchi method

C.

Thomas-Kilmann model

D.

Six Sigma