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Passed Exam Today L4M5

Page: 27 / 30
Total 395 questions

Commercial Negotiation Questions and Answers

Question 105

Which characteristics are likely to feature within an integrative negotiation?

Maximising the other party’s outcome to enhance relationships

Maximising joint outcomes

Short-term focus

Pursuit of goals held jointly with the other party

Options:

A.

1 and 3 only

B.

1 and 2 only

C.

3 and 4 only

D.

2 and 4 only

Question 106

The purpose of ongoing supplier relationship management following a negotiation and contract award is that it:

Options:

A.

1 and 2 (Enables the buyer to monitor supplier performance and persuade the supplier to renegotiate better terms)

B.

1 and 3 (Enables the buyer to monitor supplier performance and work with the supplier to resolve relationship problems)

C.

3 and 4 (Enables the buyer to work with the supplier to resolve relationship problems and evaluate unnecessary concessions)

D.

2 and 3 (Enables the buyer to persuade the supplier to renegotiate better terms and work with the supplier to resolve relationship problems)

Question 107

Which of the following tactics would be appropriate in an integrative negotiation?

Options:

A.

Lowball/Highball

B.

Take it or leave it

C.

Expanding the pie

D.

Mother Hubbard

Question 108

Which of the following is a key element to developing high-trust supplier relationships?

Options:

A.

Contract management

B.

Supplier audits

C.

Delivering on commitments

D.

Information gathering

Page: 27 / 30
Total 395 questions