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L4M2 Exam Dumps : Defining Business Needs

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Defining Business Needs Questions and Answers

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Question 1

Which competitive forces influence markets in our modern environment?

Options:

A.

Manufacturing of goods and services

B.

Production companies and relationships

C.

Increased cost in supply and deliveries

D.

Bargaining strength of suppliers and buyers

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Question 2

Azram, a procurement analyst, has been tasked with applying whole life asset management when purchasing a piece of laboratory equipment. Was this the correct course of action?

Options:

A.

Yes, because this focuses only on the price of the equipment

B.

Yes, because this considers all associated costs

C.

No, because this considers the costs of quality

D.

No, because this covers various transactional costs

Question 3

ABC Ltd has enormous investment in facilities and machinery. It also employs skilled workforce. To be profitable, the company has to produce at massive quantity. Which sector does ABC Ltd belong to?

Options:

A.

Manufacturing

B.

Retail

C.

Construction

D.

Agriculture

E.

Finance

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