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L4M5 Reviews Questions

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Total 373 questions

Commercial Negotiation Questions and Answers

Question 89

Which of the following is a source of power in organisational relationships?

Options:

A.

Referent power

B.

Given power

C.

Tactical power

D.

Intruded power

Question 90

Colin Smith is preparing for a negotiation with a supplier that provides a chemical for grass fertiliser. Colin has been given an action to secure a commercial deal that achieves his organisation's objective of 'ethical and sustainable procurement.' As part of his negotiation plan, Colin is using the ‘must, intend, like (MIL)’ framework to prepare for the negotiation. Colin would categorise his organisation's objective within the negotiation plan as ...

Options:

A.

Intend to have

B.

Like to have

C.

Must have

D.

Likely to have

Question 91

Which of the following are signs indicating that TOP is using coercive power in commercial negotiation? Select TWO that apply.

Options:

A.

Demonstrating fairness and respect

B.

Withdrawal of benefits

C.

Use of guilt

D.

Technical expertise

E.

Positive references

Question 92

Why is rapport building with the supplier important during the opening phase of a negotiation?

Options:

A.

To assert dominance and to show who is in control of the meeting

B.

To establish trust and common ground between the parties

C.

To test the other party on their position and willingness to collaborate

D.

To persuade the supplier to accept concessions more readily

Page: 23 / 28
Total 373 questions