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New Release L4M5 CIPS Level 4 Diploma in Procurement and Supply Questions

Page: 7 / 28
Total 373 questions

Commercial Negotiation Questions and Answers

Question 25

A purchasing organisation wants a Win-Win (integrative) solution in negotiations with a key supplier. Which TWO approaches would be appropriate?

Options:

A.

Collaboration

B.

Problem solving

C.

Coercion

D.

Persuasion

E.

Transfer of risk

Question 26

Are tactical ploys only used in distributive approach?

Options:

A.

No, because tactical ploys strengthen the other party's position

B.

No, because tactical ploys will be more effective with integrative approach

C.

Yes, because tactical ploys will help to gain insights into the other party's interests

D.

Yes, because they will be irritants to long-term relationship

Question 27

According to Mendelow’s Matrix, how should stakeholders with high interest but low power be managed?

Options:

A.

Minimal effort

B.

Key player

C.

Keep informed

D.

Keep satisfied

Question 28

Which of the following types of relationship would possibly lead to a distributive negotiation?

Options:

A.

Outsourcing

B.

Partnership

C.

Alliance

D.

Transactional

Page: 7 / 28
Total 373 questions