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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

An IT department has tasked procurement to help produce a conformance specification for new company laptops. Which factor is common within a conformance specification?

Options:

A.

Meets the operational requirements

B.

Tends to be short and specific

C.

Allows flexibility in the offering

D.

Meets the specification standard

Question 3

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

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