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L4M5 Exam Dumps : Commercial Negotiation

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Commercial Negotiation Questions and Answers

Question 1

The only procurement risk inherent in a distributive negotiation approach is the potential loss in the outcome. Is this statement TRUE?

Options:

A.

Yes, because in any commercial negotiation there is always a winner and a loser

B.

Yes, and that is why procurement must seek to engage with suppliers that have less bargaining power

C.

No, both negotiating parties are always committed to ensuring that gains are distributed equally between them

D.

No, there is a chance of reaching an impasse among other outcomes to such negotiations

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Question 2

A skilled negotiator will use a range of questioning techniques. If they wish to explore options with the other party without making any formal commitment, which style would they use?

Options:

A.

Leading

B.

Hypothetical

C.

Reflective

D.

Multiple

Question 3

When is the best time for buyer to propose the negotiation agenda to potential supplier?

Options:

A.

At opening stage

B.

At conclusion stage

C.

At testing stage

D.

At preparation stage