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L4M2 Exam Dumps : Defining Business Needs

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Defining Business Needs Questions and Answers

Question 1

What would provide the best method to ensure a car manufacturer can make adjustments to vehicle production to meet future market demands, such as the inclusion of an additional battery to make a hybrid model?

Options:

A.

Correct product specification in place to allow variations

B.

Investment in innovation to predict future trends

C.

Investment in versatile robotics to meet changing demand

D.

Adequate labour contracts in place to meet changing demand

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Question 2

Buyers can ascertain the prices by examining information provided by primary and secondary sources of market data. Which of the following is a secondary source of market data?

Options:

A.

Supplier prices provided on price comparison websites

B.

Historical records of supplier prices on the buyer’s database

C.

Price brochures provided by the supplier’s sales team

D.

Suppliers' prices provided on the buyer’s request for quotation

Question 3

Which of the following factors is most likely to be a barrier to new entrant in agriculture?

Options:

A.

High margins

B.

Capital requirement

C.

Reputation within the industry

D.

Brand recognition