L4M5 Exam Dumps : Commercial Negotiation

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

Yes, procurement ensures technical specifications are fit for purpose

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

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

Costs that are only related to manufacturing firms where raw materials are directly converted into specific product units

Costs of materials, labour, and other expenses that are directly identified with manufactured units of a product

Costs that are connected with materials and labour, excluding expenses used directly in manufacturing products

Costs of labour and expenses incurred directly whether or not the production fluctuates owing to demand or downtime

Yes, as all procurement processes should go through competitive bidding to achieve the best value for money

Yes, the process will be opened up to many suppliers and therefore will result in a cheaper price for the pens

No, competitive bidding should only be used when the value justifies the time spent on the process

No, competitive bidding should only be used in public sector organisations