LATEST L4M5 LEARNING MATERIALS & L4M5 EXAM OVERVIEWS

Latest L4M5 Learning Materials & L4M5 Exam Overviews

Latest L4M5 Learning Materials & L4M5 Exam Overviews

Blog Article

Tags: Latest L4M5 Learning Materials, L4M5 Exam Overviews, L4M5 Reliable Braindumps Pdf, L4M5 Real Dumps, Valid L4M5 Torrent

You can absolutely assure about the high quality of our products, because the contents of L4M5 training materials have not only been recognized by hundreds of industry experts, but also provides you with high-quality after-sales service. Before purchasing L4M5 exam torrent, you can log in to our website for free download. Whatever where you are, whatever what time it is, just an electronic device, you can practice. With Commercial Negotiation study questions, you no longer have to put down the important tasks at hand in order to get to class; with L4M5 Exam Guide, you don’t have to give up an appointment for study. Our study materials can help you to solve all the problems encountered in the learning process, so that you can easily pass the exam.

If you are still unsure whether to pursue DumpsReview CIPS L4M5 exam questions for L4M5 certification exam preparation, you are losing the game at the first stage in a fiercely competitive marketplace. DumpsReview CIPS L4M5 Questions are the best option for becoming L4M5 certified.

>> Latest L4M5 Learning Materials <<

L4M5 Exam Overviews - L4M5 Reliable Braindumps Pdf

On the basis of the current social background and development prospect, the L4M5 certifications have gradually become accepted prerequisites to stand out the most in the workplace. Our L4M5 exam materials are pleased to serve you as such an exam tool to help you dream come true. With over a decade's endeavor, our L4M5 practice materials successfully become the most reliable products in the industry. There is a great deal of advantages of our L4M5 exam questions you can spare some time to get to know.

CIPS L4M5 (Commercial Negotiation) exam is one of the most important exams for procurement and supply chain professionals who want to develop their negotiation skills. L4M5 exam is designed to help professionals gain a comprehensive understanding of the principles and practices involved in commercial negotiation. It covers a wide range of topics that include the negotiation process, strategies, and tactics, as well as the legal and ethical issues involved in negotiation.

CIPS L4M5 (Commercial Negotiation) Certification Exam is an essential certification for professionals who want to build a career in procurement and supply chain management. Commercial Negotiation certification is designed to equip you with the necessary skills and knowledge to become an effective commercial negotiator. Commercial Negotiation certification is recognized globally and is highly sought after by employers.

CIPS Commercial Negotiation Sample Questions (Q279-Q284):

NEW QUESTION # 279
Fast & Easy Limited, a global fast food retailer, is in a negotiation with its major meat supplier. The supplier is asking for a 2% price increase, which Fast & Easy is strongly resisting. The supplier justifies this increase by stating that currency fluctuations, an unstable economic climate, and rising transport costs have necessitated this increase. Which influencing tactic is the supplier using?

  • A. Coalition
  • B. Personal appeal
  • C. Inspirational appeal
  • D. Rational persuasion

Answer: D

Explanation:
This question is a duplicate of Question 22, and the answer remains Rational persuasion (A). The supplier's use of economic justifications aligns with rational persuasion, an influencing tactic defined by CIPS as presenting logical, fact-based reasons to secure agreement.


NEW QUESTION # 280
Which of the following are typical characteristics of activity-based costing (ABC) method? Select TWO that apply.

  • A. Costs are allocated based on volume
  • B. ABC provides the information required to take action and realise improvements
  • C. ABC has tended to over cost products on long runs and under cost those on short runs
  • D. Limited understanding of true costs incurred
  • E. Variable and all related overhead expenses are specifically assigned to a business activity

Answer: B,E

Explanation:
Activity-based costing is an alternative approach to traditional absorption costing. The characteristics of these two methods are illustrated in the graph below:
Graphical user interface, text, chat or text message, website Description automatically generated


NEW QUESTION # 281
During a negotiation, a procurement manager suggests that the two companies should split the difference which would benefit both the supplier and buyer. Which persuasion method is she using?

  • A. Threat
  • B. Compromise
  • C. Logic
  • D. Good cop/bad cop

Answer: B

Explanation:
In the scenario, the manager propose to 'split the difference', which means each party will accept some of their demands and concede some. This is known as 'Compromise'.
Reference: CIPS study guide page 163-165


NEW QUESTION # 282
A new manager has been appointed with responsibility for an organisation's category which has major impact on organisational cost base and there are little competitions in the supply market. They have an objective to improve supplier cost structures over time. Which of the following should they carry out first?

  • A. Purchase price cost analysis
  • B. STEEPLE analysis
  • C. Competitive rivalry analysis
  • D. Volume concentration

Answer: A

Explanation:
The objective of the buyer here is to improve supplier cost structures over time, which requires them to have insight into supplier's current cost information. Purchase price cost analysis (PPCA) can help here. PPCA is a method for gathering, analysing and using price and cost information in asystematic way. The process allows the identification of future savings and opportunities to improve current costs.
STEEPLE analysis is used to analyse the macro environment that may have impact on an organisation.
Competitive rivalry is a part ofPorter's Five Forces which is a tool for strategy making.
Volume concentration is a way to increase the purchasing quantities in order for a buying organisation to improve its leverage in negotiation.


NEW QUESTION # 283
When is the best time to adopt accommodating style according to Thomas-Kilmann conflict mode instrument?

  • A. When preserving harmony and avoiding disruption with supplier are especially important
  • B. When buyer and supplier have equal power but are strongly committed to mutually exclusive goals
  • C. When both buyer and supplier want to find anintegrative solution as their concerns are too important to be compromised
  • D. When buyer needs to gather more information to gain more advantages in later negotiations

Answer: A

Explanation:
Explanation
According to Thomas-Kilmann conflict model instrument, there are 5 conflict management styles:
Accommodating is an unassertive andcooperative approach to resolving the conflict. Accommodating means conceding to the other party with little debate or fight, not challenging or strongly putting forward your own point of view and generally giving and yielding to the other party's point of view. Accommodating is best used when:
1. When others can resolve the conflict more effectively
2. When the issue is much more important to the other person than to yourself - to satisfy the needs of others and to show you are reasonable
3. To build upsocial credit for later issues which are important to you
4. When continued competition would only damage your cause
5. When preserving harmony and avoiding disruption are especially important
6. To aid in the managerial development of subordinates by allowing them to experiment and learn from their own mistakes LO 1, AC 1.1


NEW QUESTION # 284
......

At the DumpsReview offer students CIPS L4M5 practice test questions, and 24/7 support to ensure they do comprehensive preparation for the Commercial Negotiation (L4M5) exam. DumpsReview Commercial Negotiation (L4M5) practice test material covers all the key topics and areas of knowledge necessary to master the CIPS Certification Exam.

L4M5 Exam Overviews: https://www.dumpsreview.com/L4M5-exam-dumps-review.html

Report this page