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L4M3 Exam Dumps : Commercial Contracting

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Commercial Contracting Questions and Answers

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Question 1

A buyer is procuring innovative new IT systems and has issued a performance specification as part of the invitation to tender. Is this a suitable approach?

Options:

A.

No, because the bidder may use it to inflate costs

B.

Yes, because it allows the bidder to present solutions and further inform the requirement

C.

No, because the Procurement Team should only include outputs in specifications

D.

Yes, because it will improve relationships and collaboration between both parties

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Question 2

Adornical Toys Ltd have recently declared their commitment to international labour standards. Karim is sourcing a supplier for a new range of wooden toys and is keen to ensure that the organisation's corporate objectives are met. Which of the following approaches could he include as part of his specification requirements to achieve this labour outcome?

Options:

A.

Certification to an ethical trading initiative

B.

Formally measure their carbon footprint

C.

Use ecologically certified raw materials

D.

Accreditation to waste reduction schemes

Question 3

The nature of the "Battle of the forms" is when both buyer and supplier are attempting to ...

Options:

A.

secure their own terms and conditions

B.

create a collaborative relationship

C.

create a performance specification

D.

form a joint contract

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