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L4M5 Exam Dumps : Commercial Negotiation

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Commercial Negotiation Questions and Answers

Question 1

Using emotion as a technique of persuasion is ethical. Is this a true statement?

Options:

A.

Yes, because it may appeal to the supplier’s goodwill

B.

No, because emotions should not be involved in business agreements

C.

Yes, because use of emotion will always lead to agreement

D.

No, because it’s not the best route to enhance relationships

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Question 2

Any commercial negotiation process has only three stakeholders: procurement, budget holders, and users. Is this TRUE?

Options:

A.

Yes, and the budget holder is the most important due to finances

B.

Yes, procurement ensures technical specifications are fit for purpose

C.

No, only procurement, the user and suppliers have interest in negotiations

D.

No, other stakeholders, such as directors and IT, may also be interested

Question 3

Which of the following will positively affect reputational strength of an organisation? Select TWO that apply.

Options:

A.

Adopting out-of-date technology

B.

Weak internal coordination

C.

Great gap between reputation and reality

D.

High ethical standards

E.

Strong customer focus