Total 148 Questions |
Updated On: Apr 10, 2025
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Free Practice CIPS L3M4 Exam Questions 2025
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Question 1
You are a procurement manager for a successful electrical component re-seller and distributor. The company presently carries stock of over fifty thousand different items, some of which may be variances of the same product, or similar products from different manufacturers. The managing director of the business is looking to increase the margin on products sold and has asked for your support. It is a competitive industry with a customer base that will be resistant to a price increase. Which of the following could support this request?
Answer: C
Question 2
Which of these statements is a correct description of a contract?
Answer: B
Question 3
If the speed of change was incremental, and the extent of change was realignment, what single term might we use to describe this change?
Answer: C
Question 4
Which of the following would be most suitable for a one-off purchase agreement?
Answer: C
Question 5
Which of these statements is a correct description of a contract?
Answer: B
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Total 148 Questions |
Updated On: Apr 10, 2025
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