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Premium pricing strategies used by suppliers are characterised by which of the following? Select TWO that apply.
Premium pricing strategies used by suppliers are characterised by which of the following? Select TWO that apply.A . Products are charged at a price based on supplier's reputationB . This strategy is often used when supplier attempts to enter new marketC . Price is based on cost structuresD . Typically...
Which of the following will positively affect reputational strength of an organisation? Select TWO that apply.
Which of the following will positively affect reputational strength of an organisation? Select TWO that apply.A . Adopting out-of-date technologyB . Weak internal coordinationC . Great gap between reputation and realityD . High ethical standardsE . Strong customer focusView AnswerAnswer: D,E Explanation: In a globalisedcommercial world characterised by dynamic market...
To check whether there is any opportunity to consolidate spend, which of the following should be priority of procurement team?
Procurement team is required to improve leverage with their suppliers through spend consolidation. To check whether there is any opportunity to consolidate spend, which of the following should be priority of procurement team?A . Spend analysisB . Value engineeringC . Price analysisD . Total cost analysisView AnswerAnswer: A Explanation: In...
Which of the following should be the final step of a negotiation process if both parties cannot reach an agreement?
Which of the following should be the final step of a negotiation process if both parties cannot reach an agreement?A . Reflecting on performanceB . Tempting TOP to reopen the negotiationC . Asking TOP for another concessionD . Celebrating publicly about the dealView AnswerAnswer: A Explanation: Reflecting on performance should...
When is the best time to adopt accommodating style according to Thomas-Kilmann conflict mode instrument?
When is the best time to adopt accommodating style according to Thomas-Kilmann conflict mode instrument?A . When both buyer and supplier want to find anintegrative solution as their concerns are too important to be compromisedB . When buyer needs to gather more information to gain more advantages in later negotiationsC...
Please Answer Questions Follow The Prompts Below
InfluenceA . 3 and 4 onlyB . 1 and 3 onlyC . 1 and 2 onlyD . 2 and 3 onlyView AnswerAnswer: C Explanation: Listening is a hugely important skill in the world of work. It’s a key part of effective communication [...]. Regarding active listening, there is a model...
When is the best time in procurement process in which procurement should get involved so that the cost-saving opportunities are the greatest?
When is the best time in procurement process in which procurement should get involved so that the cost-saving opportunities are the greatest?A . Market consult stageB . Post-contract stageC . Specification stageD . Post-tender stageView AnswerAnswer: C Explanation: The earlier procurement get involved in the procurement processes, the better. If...
This is an example of...?
Ma Bell was the sole provider of landline telephone service to most of the US in 1980s. This is an example of...?A . MonopsonyB . MonopolyC . Monopolistic competitionD . Perfect competitionView AnswerAnswer: B Explanation: A monopoly exists when only one company can supply an essential product or service in...
Which of the following is the process enabling the buyer to share with the supplier their purposes and needs to focus on some specific areas such as quality, cost, social and environmental standards, etc in the supplier's bids?
Which of the following is the process enabling the buyer to share with the supplier their purposes and needs to focus on some specific areas such as quality, cost, social and environmental standards, etc in the supplier's bids?A . Supplier selectionB . Supply positioningC . Supplier appraisalD . Supplier conditioningView...
How contribution is calculated in break-even analysis?
How contribution is calculated in break-even analysis?A . Fixed costs divided by variable costsB . Variable costs subtracted from priceC . Price minus fixed costsD . Variable costs subtracted from fixed costsView AnswerAnswer: B Explanation: Contribution = Price - Variable cost Break-evenpoint (volume) = Fixed cost/Contribution
