High-quality L4M5 Valid Braindumps Free - Pass L4M5 Exam
High-quality L4M5 Valid Braindumps Free - Pass L4M5 Exam
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CIPS L4M5 Certification Exam is a valuable investment for anyone who wants to build a successful career in commercial negotiation. It provides a comprehensive and practical approach to negotiation, equipping professionals with the skills and knowledge they need to succeed in today's fast-paced business environment.
CIPS Commercial Negotiation Sample Questions (Q202-Q207):
NEW QUESTION # 202
Which of the following is considered a strength of a 'logical' style negotiator?
- A. Friendly and accessible
- B. Methodical
- C. Assertive
- D. Interrelate issues easily and make quick decisions
Answer: B
Explanation:
:
A useful and simple shorthand for preferred negotiation styles is summarised by four simple descriptor:
'warm', 'tough', 'logical' and 'dealer', which can be applied to describe individuals' dominant preferred style in most circumstances.
Warm - a people person
Tough - a hard-nosed negotiator
Logic - a numbers person
Dealer - a trader who loves bargaining
Strengths, weaknesses of logical style are described below:
Table Description automatically generated
NEW QUESTION # 203
What is a benefit to the buyer of having a BATNA (best alternative to a negotiated agreement) in a negotiation?
- A. To aid detailed pre-meeting data gathering and analysis
- B. To reduce financial and logistical risk for both parties
- C. To facilitate information sharing between both parties
- D. To be able to confidently walk away from an unfavorable deal
Answer: D
Explanation:
A BATNA provides the buyer with the confidence to walk away if terms are not favorable, ensuring they don' t settle for a suboptimal agreement. Knowing the best alternative enables buyers to negotiate from a position of strength, as per CIPS's guidance on negotiation strategies.
NEW QUESTION # 204
A supplier has offered international football tickets to the procurement manager while they are in the middle of a contract negotiation. What should the procurement manager do?
- A. Reject the offer as the procurement manager will have to repay the gesture
- B. Accept the offer of the tickets as this will enhance the relationship between both parties
- C. Reject the offer as this may be seen as a conflict of interest during the negotiation
- D. Accept the offer as this will not affect the relationship with the supplier
Answer: C
NEW QUESTION # 205
Buyers should have the ability to analyse the costs of their purchases not only for determining their impact to their organisation's cost but also for the purpose of reducing them during commercial negotiations to contribute to the profitability of their organisation. One way of analysing costs is to classify them into direct and indirect costs. Which ONE of the following is an explanation of 'direct costs'?
- A. Costs of labour and expenses incurred directly whether or not the production fluctuates owing to demand or downtime
- B. Costs that are only related to manufacturing firms where raw materials are directly converted into specific product units
- C. Costs that are connected with materials and labour, excluding expenses used directly in manufacturing products
- D. Costs of materials, labour, and other expenses that are directly identified with manufactured units of a product
Answer: D
NEW QUESTION # 206
Which of the following will shift the supply curve to the right?
- A. Increased customers' disposable income
- B. New disruptive technology
- C. Decreased market price of substitute products
- D. Changes in customer taste
Answer: B
Explanation:
The following graph shows the factors that shift the supply curve to the left and to the right.
Diagram Description automatically generated with medium confidence
NEW QUESTION # 207
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