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L4M2 practice test questions answers

CIPS L4M2 Dumps Questions Answers

Exam Code:
L4M2
Last Update: Dec 19, 2024
237 Questions Answers with Explanation Detail
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CIPS L4M2 Last Week Results!

32

Customers Passed
CIPS L4M2

91%

Average Score In Real
Exam At Testing Centre

90%

Questions came word by
word from this dump

L4M2 Q&A's Detail

Exam Code:
L4M2
Total Questions:
237 Q&A's
Single Choice Questions:
197 Q&A's
Multiple Choice Questions:
40 Q&A's

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Pass CIPS Certification Exam Defining Business Needs Braindumps

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CIPS L4M2 Exam Dumps FAQs

The CIPS L4M2 Defining Business Needs Exam is a certification exam that tests the candidates knowledge of market management and competitive forces of goods and services in procurement and supply. It is part of the Level 4 Diploma in Procurement and Supply qualification.

The CIPS L4M2 Defining Business Needs Exam is ideal for professionals seeking to:

  • Develop their skills in defining and documenting business needs.
  • Build expertise in market analysis and supplier selection.
  • Advance their procurement and supply chain careers.
  • Earn a recognized CIPS qualification.

The CIPS L4M2 Defining Business Needs Exam covers the following topics:

  • Understanding the role of market management and competitive forces of goods and services in procurement and supply
  • Devising a business case for requirements to be sourced from external suppliers
  • Understanding the use of specifications in procurement and supply
The CIPS L4M2 Defining Business Needs Exam consists of 60 multiple-choice questions.
The CIPS L4M2 Defining Business Needs Exam is a 2-hour exam.
The passing score for the CIPS L4M2 Defining Business Needs Exam is 70%.

The differences between these two exams are given below:

The CIPS L4M2 Exam tests the candidate’s knowledge of market management and competitive forces of goods and services in procurement and supply, while the CIPS L4M3 Exam tests the candidate’s knowledge of commercial contracting.

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Defining Business Needs Questions and Answers

Questions 1

Which of the following events would increase the number of suppliers in a particular market?

Options:

A.

Introduction of minimum wage regulations

B.

High and increasing levels of investment required to enter the market

C.

Requirement for all companies to have 10,000 or more employees

D.

De-regulation of a previously government-run industry

Questions 2

Which of the following problems may be identified as open-ended problems? Select TWO that apply:

Options:

A.

Shortage of key medicines in healthcare industry

B.

A cyber attack takes down whole company’s IT system

C.

Engine failures cause flight cancellations.

D.

Logistics costs incur a large portion in wholesale prices

E.

The suppliers don’t comply with the company’s policy on underage labour.

Questions 3

Which of the following would a buyer include when issuing an output specification to suppliers?

Options:

A.

A requirements brief

B.

The characteristics of the components

C.

The manufacturing processes required

D.

A product sample

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