Pass Guaranteed Quiz CIPS - L4M5 - Commercial Negotiation Fantastic Dumps Free Download
Pass Guaranteed Quiz CIPS - L4M5 - Commercial Negotiation Fantastic Dumps Free Download
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Tags: L4M5 Dumps Free Download, L4M5 Valid Exam Pdf, Exam L4M5 Learning, Authorized L4M5 Test Dumps, New L4M5 Test Syllabus
P.S. Free 2025 CIPS L4M5 dumps are available on Google Drive shared by PracticeTorrent: https://drive.google.com/open?id=1MFgosec-gvk-TZxpks95fml3GV2FXN06
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CIPS L4M5 (Commercial Negotiation) Certification Exam is designed for procurement and supply chain professionals who want to specialize in commercial negotiation. L4M5 exam is based on the latest industry practices and standards and is recognized worldwide as a mark of excellence in the procurement profession. Commercial Negotiation certification is ideal for individuals who want to advance their career in procurement and supply chain management and gain a competitive edge in the job market.
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To get success in the CIPS L4M5 exam is not an easy task, it is quite difficult to pass it. But with proper planning, firm commitment, and PracticeTorrent L4M5 Questions, you can pass this milestone easily. PracticeTorrent is a leading platform that offers real, valid, and updated CIPS L4M5 Exam Dumps. With the PracticeTorrent Commercial Negotiation (L4M5) Questions you can easily prepare well for the final CIPS L4M5 exam and crack it easily.
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 Certification Exam is an essential qualification for professionals who are involved in commercial negotiation. It is recognized globally as a mark of excellence in this field and provides candidates with the knowledge and skills necessary to succeed in negotiating commercial contracts and agreements. With the right preparation and study materials, candidates can successfully pass the exam and demonstrate their expertise in this critical area of procurement and supply chain management.
CIPS Commercial Negotiation Sample Questions (Q100-Q105):
NEW QUESTION # 100
Which of the following is the purpose of using stakeholder support level scale?
- A. To estimate the gap and the progress towards desired levels of support
- B. To identify key stakeholders
- C. To identify stakeholder level of influence and interest and plot them on stakeholder map
- D. To identify stakeholder's needs and expectations
Answer: A
Explanation:
In order to estimate the gap and the progress towards desired level of support, a stakeholder support scale can be used by the procurement internally. The support level scale measures stakeholder commitment. Current support level for the procurement/negotiation objectives should be gained from engagement with key stakeholders. The following is an example of stakeholder support level scale:
Graphical user interface, application Description automatically generated
LO 1, AC 1.1
NEW QUESTION # 101
Which type of power is considered the opposite of coercive power?
- A. Reward power
- B. Informational power
- C. Expert power
- D. Referent power
Answer: A
Explanation:
The coercive power comes from the belief that a person can punish others for non-compliance. It can be considered as opposite to reward power, which results from one person's ability to compensate or reward another for compliance.
LO 1, AC 1.3
NEW QUESTION # 102
Stalemate is more likely to happen if both parties trade more variables in a commercial negotiation. Is this assumption true?
- A. Yes, because the negotiation will last endlessly if there are too many variables
- B. Yes, because more variables will cause more conflicts of interest
- C. No, because more variables will facilitate more possible negotiated outcomes
- D. No, because the party who offers more variables will have lower bargaining power
Answer: C
Explanation:
Negotiation variables such as price or contract length, etc are that can be traded with TOP in a negotiation.
The more variables you can identify, the better. The more variables you can identify and articulate, the lower the chances of the negotiation reaching deadlock as more possibilities are facilitated regarding more creative solutions.
Below are examples of negotiation tradeables in buying professional services:
Table Description automatically generated
Table Description automatically generated
LO 2, AC 2.3
NEW QUESTION # 103
Which of the following is a disadvantage of absorption costing method?
- A. Variable costs are not taken into product final costs
- B. Limited understanding of true costs incurred
- C. Fixed cost allocated to products on the basis of the cost of activities used in producing them
- D. Using marginal cost of producing addition units
Answer: B
Explanation:
:
Absorption costing is an approach to allocating overheads in which indirect costs are loaded or absorbed into direct costs related to specific jobs, processes or outputs, using an estimated basis of allocation.
Graphical user interface, text, chat or text message, website Description automatically generated
NEW QUESTION # 104
Representatives from South African Department of Health is negotiating the price of hospital drugs with US pharmaceutical companies. Which of the following are most likely to be macro factors that influence the outcomes of the negotiation? Select TWO that apply.
- A. Forward integration
- B. Order quantity
- C. Regulations on health and safetySwitching costs of buyer
- D. Digitalisation of medicine
Answer: C,D
Explanation:
All one-to-one commercial negotiations between a specific purchaser and a specific supplier take place within an industrial market and a larger business environment characterised by multiple forces which both parties typically have little control over. STEEPLE framework highlights the 6 main external influences on a business:
Particularly, pharmaceutical industry is a heavily regulated sector, therefore, legal and regulatory matters in the industry is highly important. Otherwise, technological trends also permeate into pharmaceutical companies, technologies like digitalisation may transform the balance of power in such negotiation.
LO 1, AC 1.3
NEW QUESTION # 105
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